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Egypt: EIB and EBRD To Support Kitchener Drain Rehab Project

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CAIRO, Egypt

The European Investment Bank (EIB) and the government of Egypt signed, October 17, the first of a series of loan agreements related to the infrastructure rehabilitation and depollution project of the "Kitchener Drain". Other participants in the approximate $508 Million USD multi-sectoral financing are European Bank for Reconstruction and Development (EBRD) and the European Commission’s Neighborhood Investment Facility.