Egypt allocates EGP 7.2bn in public investments for Ismailia in FY 2020/21

Daily News Egypt
3 Min Read

The Egyptian government has allocated EGP 7.2bn in public investments to Ismailia governorate as part of the “Citizen Investment Plan” for fiscal year (FY) 2020/21.

In a Saturday press statement, Minister of Planning and Economic Development Hala El-Said revealed that these funds will be directed into 222 projects in Ismailia, representing 2.8% of Egypt’s total public investments.

El-Said explained that the funds come as part of the “citizen’s plan” across Egypt for the second consecutive year. It intends to activate community participation and involve citizens in planning and follow-up.

According to the plan allocated funds will be distributed across several sectors, as  EGP 4.7bnwill be allocated to the Suez Canal representing 66% of the total investments.

Housing sector share stands at EGP 903.3m, while EGP 351m were allocated for development sector, EGP 329.7m for health sector.

While higher education investment stood at EGP 271m and the remaining EGP 469m will be allocated for other sectors.

The most important development goals in the housing sector in Ismailia Governorate in the 2020/21 plan are to direct about EGP 569m to drinking water and sanitation services, in addition to directing EGP 228 million to develop unsafe markets and informal areas in the governorate. In the health sector, the most important development goals are to complete the construction and development of ten hospitals in Ismailia Governorate.

Regarding the local development sector, the plan aims to pave local roads at about EGP 145m, in addition to directing EGP 147m to support the needs of local units and improve the environment, EGP 59m to strengthen the electricity networks in the governorate, and EGP 53m to develop security, fire and traffic services in the governorate, while in the university education sector, the most important targets are to direct EGP 59.5m to develop health services in the university hospital.

The Citizen Investment Plan in the governorate included the development project for the Qantara West region, and the appropriations listed for the project in the 2020/21 plan amount to about EGP 65m. The project aims to provide services and facilities for the Qantara West region.

Egypt’s “Citizen Investment Plan” comes as part of the state’s continued keenness to link the planning process with Egypt’s Vision 2030. The implementation of the country’s sustainable development goals (SDGs) will also be localised, along with the continuation of the participatory approach adopted by the Ministry with all development partners. This has been undertaken in a manner that establishes the principles of governance and accountability, and the transparency of the state’s development plan.

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