An integrated Community Development Programme designed to increase employment opportunities and improve living standards for socially disadvantaged segments of populations living in and around urban centres in Egypt through investments supporting infrastructure and housing.
Objectives
The creation of more sustainable communities and to promote a more integrated approach to spatial planning and development which delivers benefits to constituents over a wide spectrum of the economically and geographically disadvantaged.
No negative environmental or social impacts are anticipated from the CDP. While it is not possible to carry out a definite evaluation at present, as sub-projects have not been fully defined, it is expected that sub-projects will target areas which have, to date, had a largely negative impact on the environment. Therefore, interventions will contribute positively through the promotion of more environmentally-friendly practices and through the “cleaning up” of neighbourhoods.
Procurement
The project portfolio has yet to be finalised but, once it is, all components will have to comply with prevailing procurement protocols, including meeting the minimum national standards. Local practices will be checked against international and EU standards to ensure propriety and best practice.
Status
Signed
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14/11/2012.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how the EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
