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FINANCIAL NEWS
Egyptian public-private partnership to start 5 projects at USD1b
19 Oct 2015
(MENAFN) The public-private partnership (PPP) projects unit of the Egyptian Ministry of Finance will propose five new projects to investors before the end of fiscal year 2015/2016.
According to the head of the PPP Unit at the Ministry of Finance, the projects will cost nearly USD1 billion, and he stressed on the fact that Egypt has all the essentials for a successful PPP system.
Additionally, those five projects come within a larger package of eight projects that have been put under extensive studying and research since last July, at an overall cost of USD1.2 billion.
The head of the PPP Unit added that three projects had been already put forward at a cost of approximately USD377 million, plus the PPP will offer12 more projects during the fiscal year 2016/2017.
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