By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Competitive neutrality increases investments, enhances economic growth: ECA
    Competitive neutrality increases investments, enhances economic growth: ECA
    March 23, 2023
    Egypt has great cooperation opportunities with Greek, Cypriot firms in several economic sectors: Al-Mashat
    Egypt has great cooperation opportunities with Greek, Cypriot firms in several economic sectors: Al-Mashat
    March 23, 2023
    Egyptian-Indian relations advanced to strategic partnership following Al-Sisi's visit to India: Ambassador 
    Egyptian-Indian relations advanced to strategic partnership following Al-Sisi’s visit to India: Ambassador 
    March 23, 2023
    World Bank agrees $7bn new partnership framework with Egypt
    World Bank agrees $7bn new partnership framework with Egypt
    March 22, 2023
    IFC-supported partnership launched to help increase clean water supply in Egypt
    IFC-supported partnership launched to help increase clean water supply in Egypt
    March 22, 2023
  • Politics
    PoliticsShow More
    Egypt's Health Minister discuss bilateral cooperation with an Italian delegation 
    Egypt’s Health Minister discuss bilateral cooperation with an Italian delegation 
    March 23, 2023
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    Egypt’s foreign minister phones Algerian counterpart over boosting ties
    March 22, 2023
    Turkish President  Recep Tayyip Erdoğan and Egypt President Abdel-Fattah Al-Sisi met in Doha
    Opinion| Türkiye and Egypt: For better times with many opportunities
    March 22, 2023
    Drought caused 43,000 deaths in Somalia in 2022: UN
    Drought caused 43,000 deaths in Somalia in 2022: UN 
    March 22, 2023
    Opinion| The Chinese dragon occupies America's place in the Middle East
    Opinion| The Chinese dragon occupies America’s place in the Middle East
    March 22, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: North Coast Development Authority investments worth EGP 3.9bn
Share
Notification
Latest News
Egypt's Health Minister discuss bilateral cooperation with an Italian delegation 
Egypt’s Health Minister discuss bilateral cooperation with an Italian delegation 
Politics Egypt
Competitive neutrality increases investments, enhances economic growth: ECA
Competitive neutrality increases investments, enhances economic growth: ECA
Business
Egypt has great cooperation opportunities with Greek, Cypriot firms in several economic sectors: Al-Mashat
Egypt has great cooperation opportunities with Greek, Cypriot firms in several economic sectors: Al-Mashat
Business
Egyptian-Indian relations advanced to strategic partnership following Al-Sisi's visit to India: Ambassador 
Egyptian-Indian relations advanced to strategic partnership following Al-Sisi’s visit to India: Ambassador 
Business
Egypt condemns law allowing return of Israelis to 4 settlements
Egypt condemns law allowing return of Israelis to 4 settlements
Egypt
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > North Coast Development Authority investments worth EGP 3.9bn
Business

North Coast Development Authority investments worth EGP 3.9bn

Mohamed Darwish
Last updated: 2017/02/12 at 12:44 PM
By Mohamed Darwish 10 Min Read
Share
SHARE

The Middle Northern Coast Development and Construction Authority invested EGP 3.9bn to develop social housing and roads in Beheira, Kafr Al-Sheikh, Daqahleya, Gharbeya and Menoufiya.

Ibrahim Tantawi, head of Middle Northern Coast Development and Construction Authority, said that the authority is working on the construction of 9,300 units and 886 shops at a cost of EGP 1.5bn within the first phase of the social housing project for low-income families.

He added, in an interview with Daily News Egypt, that the authority has delivered 2,972 ​​units and 477 shops to the Ministry of Housing, Utilities, and Urban Communities. There are also 6,342 units and 409 shops under construction in five governorates.

The social housing units include 2,614 units in Beheira, 2,196 units in Kafr Al-Sheikh, 1,048 units in Gharbeya which were fully delivered, 384 units in Menoufiya, and 3,072 units in Daqahleya.

Tantawi explained that the authority will complete the construction of the housing units in June, in addition to the linkage of internal facility networks of sanitation, electricity, telecommunications, and drinking water with the general network.

He pointed out that the authority delivers its units to the Ministry of Housing in several phases within the Central Agency for Construction’s share of the social housing project, amounting to 42,000 units in 25 governorates, at a cost of about EGP 7bn.

The Middle Northern Coast Development and Construction Authority is affiliated with the Central Agency for Construction, and it implements the Ministry of Housing, Utilities, and Urban Communities’ projects in eight governorates, including Alexandria, Damietta, Beheira, Kafr Al-Sheikh, Daqahleya, Sharqeya, Gharbeya, and Menoufiya. This authority was established in 1987, after the split of the Northern Coast Development Authority into the middle and west northern authorities.

Tantawi added that the authority took over the responsibility for the establishment of a number of roads, at a cost of EGP 2bn in Kafr Al-Sheikh, Menoufiya, and Alexandria governorates.

He continued to add that the Egyptian Contracting Company will complete the establishment of the first phase of “Abou El-Rous-Metoubes-Fuwwah” road next December at a total cost of EGP 1.075bn.

He explained that the new road is designed to link the international coastal road and Kafr Al-Sheikh and Beheira governorates as well as the new industrial zone in Metoubes to serve the new reclaimed and agricultural areas.

Tantawi pointed out that the new road will be 31 km long, of which the first phase would be 15.3 km long and will be implemented by the Egyptian Contracting Company at a cost of EGP 500m. The same company won the second-phase tender to build the remaining 16 km worth EGP 665m, scheduled to be completed by the first quarter of 2019.

He added that the cost of the second phase increased because of the implementation of five bridges over the road and the payment of compensations to the owners of agricultural lands located at the road.

Tantawi added that the General Nile Company for Roads and Bridges took over the construction of the “Shibin Al-Kom-Tamlay” road in Menoufiya, at a cost of EGP 501m to connect Shibin Al-Kom with Al Sadat road.

He added that the company will complete the implementation of the project over the next year, pointing out that the cost of the project includes compensations for the owners of about 120 acres in the road’s axis.

Tantawi said that the Contracting Company received the land allocated to the building of the Borg El-Arab Airport road, which aims to connect the airport road with the Cairo-Alexandria Desert Road at a cost of EGP 298m.

Tantawi stated that the path of the project was amended with the approval of the Ministry of Agriculture due to the presence of connections to networks and facilities at the proposed site, adding that the new location was determined in January.

He went on to explain that the road is divided into two sectors. The first part—which does not include areas that require expropriation—has been initiated. Tantawi noted that there are now negotiations to determine the money needed for compensating landowners in the second sector. He said that the road will be completed within three years.

He added that the Borg El-Arab Airport road extends over 16 km and that the Egyptian Contracting Company won the tender after competing with Arab Contractors, Hassan Allam, Misr Concrete Development, and General Nile company for Roads and Bridges.

He explained that the road projects implemented by the authority across governorates often face the problem of expropriation as they extend through agricultural lands and this requires the construction of a larger number of bridges to avoid canals.

He pointed out that the construction of these roads in the aforementioned governorates will help connect the cities located in the Delta region with the north east coast by facilitating traffic. This will effectively increase internal trade and population movement between governorates.

Investments of the authority include an urgent plant to establish 95 kms of internal roads in governorates at a total cost of EGP 292m.

Tantawi said that the plan includes eight roads in Alexandria, Beheira, Kafr Al-Sheikh, Daqahleya, Gharbeya, Menoufiya, and Fayoum.

He added that the authority completed the establishment of the industrial-zone road at a cost of EGP 47m in Wadi El-Natrun and Beheira, which extends over 16 kms from the desert road.

The road, Tantawi said, links the industrial zone in Wadi El-Natrun with the Cairo-Alexandria Desert Road and passes through several areas to serve the industrial zone.

Moreover, Tantawi said that the authority called upon the government to secure EGP 105m to finish the development of the first and second phases of the Lake Borollos development plan to clear about 245 feddans of the 3,308 allocated for both phases.

He added that the Arab Contractors Company implemented the project, noting that EGP 200m were spent to clear 1,808 feddans in the first phase, leaving 145 feddans left, in addition to 1,500 feddans in the second phase, with only 100 feddans left. He pointed out that the dredging output was collected on an area of 230 feddans.

He explained that the Egyptian cabinet requested a comprehensive vision to develop Lake Borollos in collaboration with the ministries of housing, irrigation, and agriculture, and take advantage of fisheries.

He pointed out that the development plan will include resolving the problem of the drainage canals that pour wastes into the lake; hence, clay would re-accumulate after clearing the lake.

The authority, Tantawi pointed out, also prepared a plan to clear a total of 1,400 feddans in the third phase, at a cost of EGP 200m. Additionally, 3,200 feddans will be cleared in the fourth phase at a cost of EGP 400m. The plan includes dredging clay and deepening the inlet to ease fishing.

He added that the total area of ​​the lake is 110,000 feddans, which is being cleared because of the problems suffered by fishermen, including low water levels. A low water level results in a lack of fish, effectively halting fishing.

He said that the authority is also implementing several projects for the benefit of the governorate of Alexandria at a cost of EGP 157m, including the regular maintenance and development of the city’s corniche, the expansion of the Cleopatra tunnel, the construction of several pedestrians bridges, and the construction of eight buildings in El-Max that will include 160 housing units.

The authority is one of the subsidiaries of the Central Agency for Reconstruction, which invested a total of EGP 14.6bn across several subsidiaries. Those investments cover roads, social housing, and service projects in Giza, Sinai, and Upper Egypt.

You Might Also Like

Competitive neutrality increases investments, enhances economic growth: ECA

Egypt has great cooperation opportunities with Greek, Cypriot firms in several economic sectors: Al-Mashat

Egyptian-Indian relations advanced to strategic partnership following Al-Sisi’s visit to India: Ambassador 

World Bank agrees $7bn new partnership framework with Egypt

IFC-supported partnership launched to help increase clean water supply in Egypt

TAGGED: Beheira, Daqahleya, Gharbeya, Kafr Al-Sheikh, menoufiya, North Coast Development Authority
Share this Article
Facebook Twitter Email Print
Previous Article New “Shared Development” HR model may be the answer to the challenges in the wake of economic downturn
Next Article EGP 15m allocated for rehabilitation of EBSC factory road in Kafr Al-Sheikh
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt's Health Minister discuss bilateral cooperation with an Italian delegation 
Egypt’s Health Minister discuss bilateral cooperation with an Italian delegation 
Politics Egypt
Competitive neutrality increases investments, enhances economic growth: ECA
Competitive neutrality increases investments, enhances economic growth: ECA
Business
Egypt has great cooperation opportunities with Greek, Cypriot firms in several economic sectors: Al-Mashat
Egypt has great cooperation opportunities with Greek, Cypriot firms in several economic sectors: Al-Mashat
Business
Egyptian-Indian relations advanced to strategic partnership following Al-Sisi's visit to India: Ambassador 
Egyptian-Indian relations advanced to strategic partnership following Al-Sisi’s visit to India: Ambassador 
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?