{"id":568,"date":"2023-08-03T20:44:41","date_gmt":"2023-08-03T18:44:41","guid":{"rendered":"https:\/\/sahfy.net\/news\/?p=568"},"modified":"2023-08-03T20:48:33","modified_gmt":"2023-08-03T18:48:33","slug":"568","status":"publish","type":"post","link":"https:\/\/sahfy.net\/news\/?p=568&lang=en","title":{"rendered":"The European Bank for Reconstruction and Development supports the water sector in Egypt through the New Urban Communities Authority"},"content":{"rendered":"

The\u00a0European Bank for Reconstruction and Development\u00a0(EBRD) is supporting the development of Egypt\u2019s urban infrastructure sector by\u00a0investing\u00a0EGP 927 million\u00a0(\u20ac\u00a027 million)\u00a0in a securitised local currency bond\u00a0issued\u00a0by\u00a0El Taamir\u00a0for Securitization Company (El Taamir),\u00a0a\u00a0special purpose vehicle\u00a0set up by\u00a0the\u00a0New Urban Communities Authority<\/a>\u00a0(NUCA).<\/p>\n

This investment is\u00a0part of the EGP 20 billion Issuance of September 2022, which is the largest securitised issuance in Egypt to date and benefits from a guarantee by the country\u2019s Ministry of Finance. It was listed on the Egyptian stock exchange in November 2022.<\/p>\n

NUCA has developed more than 40 cities with solid support from the private sector, including developers and contractors. NUCA will use the proceeds of the bond issuance for capital and operating expenditures.<\/p>\n

The Bank\u2019s investment will support a range of municipal infrastructure projects covering drinking water, sanitation, treated water storage and pumping stations, street lighting and power transmission.<\/p>\n

Egypt has been undertaking a number of initiatives to achieve inclusive and sustainable growth in cities. The Bank will provide a comprehensive technical cooperation package to help NUCA build a sustainable path for water management in one of its new cities. This will include a gender-responsive water assessment to ensure that sustainable and inclusive governance of water resources benefits women and men equally.<\/p>\n

The EBRD\u2019s investment will also contribute to the development of green capital market products in the country, with dedicated technical support in preparation for NUCA\u2019s potential green bond issuance.<\/p>\n

The\u00a0\u20ac810,000\u00a0technical support package\u00a0is funded by the Netherlands through the High-Impact Partnership on Climate Action (HIPCA, also supported\u00a0by\u00a0Austria<\/a>,\u00a0Canada<\/a>,\u00a0Finland<\/a>,\u00a0Korea<\/a>,\u00a0Switzerland<\/a>,\u00a0Spain<\/a>, TaiwanICDF and the\u00a0United Kingdom<\/a>) and the EBRD\u2019s own funds.<\/p>\n

Since 2012 the EBRD has invested over \u20ac10.4\u00a0billion in\u00a0more than\u00a0160\u00a0projects in Egypt, with almost\u00a055\u00a0per cent of its portfolio invested in\u00a0sustainable infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0European Bank for Reconstruction and Development\u00a0(EBRD) is supporting the development of Egypt\u2019s urban infrastructure sector by\u00a0investing\u00a0EGP 927 million\u00a0(\u20ac\u00a027 million)\u00a0in a securitised local currency bond\u00a0issued\u00a0by\u00a0El Taamir\u00a0for Securitization Company (El Taamir),\u00a0a\u00a0special purpose vehicle\u00a0set up by\u00a0the\u00a0New Urban Communities Authority\u00a0(NUCA). This investment is\u00a0part of the EGP 20 billion Issuance of September 2022, which is the largest securitised issuance in […]<\/p>\n","protected":false},"author":3,"featured_media":569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[39,19,130,111,11,15],"tags":[560,558,556],"class_list":["post-568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy-en","category-events-en","category-featured-en","category-mou-partnerships-en","category-news","category-press-releases","tag-technical-cooperation","tag-the-banks-investment","tag-the-european-bank"],"yoast_head":"\nThe European Bank for Reconstruction and Development supports the water sector in Egypt through the New Urban Communities Authority - sahfy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sahfy.net\/news\/?p=568&lang=en\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The European Bank for Reconstruction and Development supports the water sector in Egypt through the New Urban Communities Authority - sahfy\" \/>\n<meta property=\"og:description\" content=\"The\u00a0European Bank for Reconstruction and Development\u00a0(EBRD) is supporting the development of Egypt\u2019s urban infrastructure sector by\u00a0investing\u00a0EGP 927 million\u00a0(\u20ac\u00a027 million)\u00a0in a securitised local currency bond\u00a0issued\u00a0by\u00a0El Taamir\u00a0for Securitization Company (El Taamir),\u00a0a\u00a0special purpose vehicle\u00a0set up by\u00a0the\u00a0New Urban Communities Authority\u00a0(NUCA). This investment is\u00a0part of the EGP 20 billion Issuance of September 2022, which is the largest securitised issuance in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sahfy.net\/news\/?p=568&lang=en\" \/>\n<meta property=\"og:site_name\" content=\"sahfy\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-03T18:44:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-03T18:48:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sahfy.net\/news\/wp-content\/uploads\/2023\/08\/unnamed-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"903\" \/>\n\t<meta property=\"og:image:height\" content=\"426\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sahfy Sahfy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sahfy Sahfy\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"\u062f\u0642\u064a\u0642\u062a\u0627\u0646\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sahfy.net\/news\/?p=568&lang=en#article\",\"isPartOf\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=568&lang=en\"},\"author\":{\"name\":\"Sahfy Sahfy\",\"@id\":\"https:\/\/sahfy.net\/news\/#\/schema\/person\/e010cfaee71765ed4f2af1e54f173967\"},\"headline\":\"The European Bank for Reconstruction and Development supports the water sector in Egypt through the New Urban Communities Authority\",\"datePublished\":\"2023-08-03T18:44:41+00:00\",\"dateModified\":\"2023-08-03T18:48:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sahfy.net\/news\/?p=568&lang=en\"},\"wordCount\":326,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sahfy.net\/news\/#organization\"},\"keywords\":[\"technical cooperation\",\"The Bank\u2019s investment\",\"The\u00a0European Bank\"],\"articleSection\":[\"Business & Economy\",\"Events\",\"Featured\",\"MoU & partnerships\",\"News\",\"Press Releases\"],\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sahfy.net\/news\/?p=568&lang=en#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sahfy.net\/news\/?p=568&lang=en\",\"url\":\"https:\/\/sahfy.net\/news\/?p=568&lang=en\",\"name\":\"The European Bank for Reconstruction and Development supports the water sector in Egypt through the New Urban Communities Authority - 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