Tuesday December 5th, 2023
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The Ministry of Planning has Allocated EGP 5.4 Billion to Complete 315 Stalled Projects in Egypt

The Ministry of Planning is assisting in helping complete stalled projects in order to boost the economy.

Staff Writer

Minister of Planning Hala El-Saeed announced that the government budget has allocated EGP 5.4 billion in the fiscal year 2018-2019 to complete 315 important projects that have stalled for numerous financial, technical, and legal reasons, according to Ahram.

El-Saeed added that some of the stalled projects are hospitals, calling on the Minister of Health and governors to resolve the issues needed to complete these projects.

56% of the investments will go to the Ministry of Housing, Utilities and Urban Development with investments worth around EGP 3 billion for 235 different projects, while the Ministry of Youth and Sports will be receiving EGP 601 million for 21 projects.

By governorate, Aswan will receive 12% of the budget worth EGP 634 million to complete 27 projects, while Assiut and Port Said will both receive 10% of the budget.

In February last year, Hala El-Saeed approved EGP 1.627 billion to assist in stalled projects, so they can contribute to the economy and create job opportunities for the youth.

Main image from The National