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Wednesday, 16 October 2019

Egypt to present projects worth $2.3 bn as public-private partnership projects in 2016

A raft of projects will be available to international bids for involvement in 2016

Waad Ahmed , Monday 7 Sep 2015
Water desalination station
Water desalination station in Egypt (Photo: Al-Ahram)
Views: 3914
Views: 3914

Egypt will present 12 government projects for international bidding as public-private partnership (PPP) ventures worth a total of up to LE18 billion($2.3 billion) in 2016, according to Atter Hannoura who is head of PPP at the finance ministry.

Egypt is largely dependent on private sector investment to drive economic growth following four years of political upheaval.

The 12 government projects will be worth between LE16 and LE18 billion ($2.04 - $2.3 billion).

There are seven projects whose PPP bidding will be officially opened in 2015, worth an estimated LE10 billion ($1.3 billion), while two have already been made available to international PPP bidding this month,  Hannoura told journalists at Monday’s Euromoney Egypt Conference.

The projects under discussion span several sectors including water desalination, sanitation, sports and recycling. They do not include electricity projects, Hannoura said.

The government’s ambitious initiative to reclaim one-and-a-half million feddans of land will not be offered through the PPP, he added.

Contracts to build roads to the Suez Canal industrial hub are expected to be handed out via PPP said Hannoura.

Following his election, president Abdel-Fattah El-Sisi announced several megaprojects aimed at creating jobs and powering the economy.

Egypt is targeting a five percent growth in GDP in the fiscal year 2015/16 with investments worth LE417 billion ($53 billion), planning minister Ashraf El-Araby was quoted as saying in May by state-owned news agency MENA.

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10-09-2015 10:58pm
sensationalized generalization.
@Tut : okay... i'll bite... those numbers... at risk of oversimplifying. one major difference between those countries and Egypt is:= Egypt is an underdeveloped country. it's government do and will balance the budget on the backs of the poor. other difference is:= most expensive pump and dump operations will create very low value to be added to overall economy of Egypt. that's why it's a hard sell in your country. period. beside, we are not living in the middle ages. perhaps you should actually educate yourself in economics and the real lives of poor people, rather than regurgitating footnotes from the issue of rich's magazines. they only sing "nice goodies coming for the rich, nice goodies coming for the rich".
Comment's Title
11-09-2015 01:28pm
Education on Reality
After reading the “rich’s” magazine and studied all the footnotes you suggested I came with a practical example to prove you clueless about PPP: Egypt needs 30 GW electricity production capacity (to serve both the poor and the rich). Egypt has no Oil, limited Gas, no Coal, no Nukes; if we construct 10 GW solar farms on our massive deserts it will solve major part of the energy issues. HOW TO FUND IT? The government (Public) has no money to put $100b into this. The Private can invest and offer a PPA electricity rate of $0.10 per kWh; but the Egyptian poor can’t afford to pay LE0.80/kWh; and we don’t want to continue with Gov unsustainable subsidy. The best option to fund it is a PPP: the Public puts the land, infrastructure, gird .. etc = JOBS; the Private puts the technology/systems/funds; and the result is $0.03/Kwh, which is affordable for Egyptian poor, sustainable, and creates jobs. I don’t mind reasoning with an arrogant person; what I hate is an arrogant ignorant one!

10-09-2015 02:50pm
most expensive pump and dump operations, oops, partnerships!
@Tut : ignorance at best. public-private partnership is a scam meant to relieve you of your last shirt they can't get any other way. it must be time to sacrifice another chicken and analyse the bones, huh, Singaporian?
Comment's Title
10-09-2015 06:42pm
Projecting Ignorance!
@Jan: Not sure where you get your soundbites from, if you analyze the $50b/year Maritime success in Singapore or the $100b/year success in S Korea, let alone Brazil and Mexico you might learn a thing or 2 about PPP, rather than projecting your ignorance on others!

08-09-2015 08:56pm
promoting public over private would be better. always.
simply put. there is no public-private partnership in investment or ownership. it's a tall tale. it's either public or private. i am pro-public, but not against private investment or private ownership in some areas as long as a cap is placed. saying yes to public-private tricks in an under-developed country like Egypt and its vastly poor population means:= lost your only shirt. normally you can resolve your poverty issue without having lost your only shirt, huh, dear Misr?
Comment's Title
08-09-2015 09:54pm
PPP built Singapore
PPP is an ideal option for Infrastructure projects, look how Singapore succeeded in building the entire Maritime sector.

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