The newly formed Egyptian ministry of utilities, drinking water and sewerage will spend USD 1.35 billion on drinking water and sewerage projects up to June of 2013, a senior official told Zawya.
Mohey el-Sairafi, the spokesman for the new ministry, said that according to the ministry's budget for the current financial year ending June 2013, USD 900 million has been allocated to the National Authority for Drinking Water, which will take over implementation of water and sewerage projects and complete existing projects.
The allocation for the Holding Company for Water and Waste Water, responsible for financial and administrative supervision over more than 20 companies, is USD 125 million in the new budget, he said.
Zawya 2012