Egyptian Environmental Affairs Agency (EEAA) has signed three financing agreements to support industrial and investment facilities related to the third phase of the pollution control programme, valued of €22 million.
The three deals were signed with SEMADCO at a total cost of €13.56 million to construct a water plant for industrial wastewater, and Flex P Films will construct a polyethylene terephthalate (PET) waste recycling line worth €16.05 million.
The third party is Huhtamaki Egypt, which will be responsible for building ethyl acetate solvent recovery unit for €3.59 million, according to an official statement on Tuesday.
The pollution control programme is one of the Ministry of Environment’s projects that bolsters the industrial sector, providing financial and technical support for industrial projects, Ministry’s statement declared.
Yasmine Fouad, the Minister of Environment has explained that the programme aims whether to support environmental compatibility or to implement energy efficiency systems.
EEAA also inked a deal with the Egyptian Ministry of Foreign Affairs, UN Development Programme and French Development Agency (AFD) for a €1.5 million project to help Egyptian banks finance climate change projects such as renewable energy.
