Egypt - The new capital-6th of October City monorail development is part of the first five projects that will be partially financed from the proceeds of Egypt’s sovereign green bonds, Al Mal News reported on October 20th.
The developments include three wastewater treatment facilities as well as a desalination plant, according to the news portal.
Egypt will pledge $500 of the $750 million bond issue for these green projects.
Minister of Environment Yasmine Fouad told Al Mal that coordination is being carried out with the Ministry of Finance to use $250 million worth of financing for developing additional projects.
Egypt has listed the sovereign green bonds on London Stock Exchange on October 15th.
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