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Egypt Seeks Indian Investment in Water Sector

CAIRO, Egypt

An Egyptian delegation headed by President Mohamed Morsi plans to offer a portfolio of public-private partnership (PPP) water and sanitation projects to Indian investors during a visit to New Delhi next week.

“The Egyptian delegation will offer a set of major public-private-partnership projects, including water and sanitation to Indian corporations,” said Ati Hannoura, head of the Egyptian Finance Ministry’s PPP Unit.

Among the projects to be offered to Indian investors is a 1.6 million cubic meter per day, $815 million USD wastewater treatment plant in Abu Rawwash, in southern Giza governorate. The treated wastewater will be reused for irrigation purposes.

“The projects offered also include construction of desalination plants in the [Red Sea] cities of Hurghada and Sharm El-Sheikh,” Hannoura said.

The delegation will present a portfolio of renewable energy projects, and will also highlight waste management and bio-fuel projects during the visit.

“The PPP Unit in the ministry of finance will tender 10 projects during 2013. We’re now in the process of preparing technical and financial documents and studies of the projects,” Hannoura said.

Indian companies have had a significant presence in the Egyptian market for over 50 years now. One of these, the Kirloskar Group, is India’s largest manufacturer of water pumps and valves.

The Egyptian government plans to tender $2.5 billion USD worth of sanitation projects on a PPP basis in 2013.

Bids for PPP projects were halted in January 2011 in the wake the revolution that toppled former President Hosni Mubarak’s regime.

“The implementation of PPP projects in water and sanitation, as well as other infrastructure projects, is crucial since the government cannot afford to channel huge investments into such projects,” Finanace Minister Al Morsi Hegazi said on March 12.

Egypt will host an international conference on March 24 to showcase PPP projects that the government plans to tender in the next few months.