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New Cairo investment plan stands at EGP 4bn in FY 2020/21: city authority - Daily News Egypt

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New Cairo investment plan stands at EGP 4bn in FY 2020/21: city authority

All precautionary measures undertaken at project sites to preserve health and safety of employees and to ensure continuity of construction


A total of EGP 4bn will be invested in the New Cairo city during the fiscal year (FY) 2020/21, according to Amin Ghoneim, Head of the New Cairo City Authority.

The budget for the upcoming fiscal year compares to EGP 5.2bn investments in FY 2019/20, which was used to implement various housing and infrastructure projects, Ghoneim added.

Ghoneim said the plan included constructing housing units in the Dar Misr project, building infrastructure in the Beit Al Watan project in different areas of the city, and implementing wastewater treatment plants.

He noted that the investment plan for FY 2020/21 includes the completion of some of the projects already started, in addition to implementing new projects.

Ghoneim emphasised that all precautionary measures are being taken at project sites, to preserve the health and safety of employees whilst ensuring the continuity of construction work.

This includes sterilising and sanitising the city authority’s administrative headquarters to ensure the safety of employees and citizens, whilst curbing any further spread of the novel coronavirus (COVID-19).

Ghoneim pointed out that facing the ongoing health crisis has not prevented the authority from undertaking the appropriate action against building violations in the city.

A campaign has been launched resulting in appropriate action being taken for 18 housing units in New Cairo’s Third Neighbourhood. This was due to these buildings being used for commercial purposes rather than for the originally stated residential purposes.

Ghoneim revealed that the New Cairo City Authority has received 3,466 requests for reconciliation on some building violations in the city. These were submitted under Law No 17/ 2019, which covers reconciliation in some construction violations and adjusting their conditions.

He added that a total number of 1,423 requests were responded to, while 748 other cases having been examined. A further 540 cases are currently undergoing examination.

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https://thedailynewsegypt.com/2020/06/28/new-cairo-investment-plan-stands-at-egp-4bn-in-fy-2020-21-city-authority/
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