Last Update 23:7
Sunday, 25 August 2019

Egypt PM approves development of Maspero Triangle area despite complaints by residents

Ahram Online , Saturday 1 Apr 2017
Maspero
A woman walk down Sheikh Mohamed El-Qassem’s alley in Cairo's Maspero triangle, where over the past few years several buildings have collapsed (Photo: Randa Ali)
Share/Bookmark
Views: 3833
Share/Bookmark
Views: 3833

Egypt's Prime Minister Sherif Ismail approved on Saturday the start of a project to tear down and rebuild the Cairo slum area known as the Maspero triangle, despite complaints by local residents that they will not be able to afford to remain in their homes after development is complete.

The project will cost an estimated EGP 4 billion, Ahram Arabic news website reported.

A set of compensation options for local residents has also been approved, which include relocation, remaining in the area at an increased cost, or receiving cash compensation.

The approval came during a meeting of the Higher Council of Planning and Urban Development headed by Ismail and attended by the ministers of housing, culture, environment, agriculture, local development, as well as the governor of Cairo.

Egypt's housing ministry began last week to survey residents for their preferred method of compensation.

The government has been planning for years to develop the area into an investment and residential hub.

The government has listed five methods of compensation for locals in return for their homes, which will be demolished and replaced with commercial and residential buildings over three years.

These options include: leasing an apartment in the area after development is complete, to be owned after 30 years; renting a home in the area; buying a home in the area; receiving a one-time financial compensation of EGP 100,000; or relocating to El-Asmarat neighbourhood in Muqattam district.

The Maspero triangle, in the old Boulaq neighbourhood by the Nile, is home to countless small workshops. It neighbours deluxe shopping malls and five-star hotels along the Nile Corniche

The area, which was given its name because of its triangle shape on the map, stands on 74 feddans (77 acres) and is home to at least 18,000 residents, according to 2014 estimates by Madd platform, an independent urban development institution.

The controversy over the area dates back some three decades, when development projects began to be proposed and Gulf investors started acquiring buildings and blocks of land in the area. 

The government has said that it is willing to provide homes in the same area for the 4,500 families that currently live there, but residents say the solution is inadequate because they would not be able to afford to rent or buy in the area after it is developed.  

A list of demands by residents presented to the housing ministry earlier this month included lowering rent to EGP 300 and ownership instalments to EGP 700; increasing the cash compensation; and offering alternative residential units in a nearby area.

Search Keywords:
Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.