Egypt’s Finance Minister Hany Kadry Dimian said on Monday Egypt has received requests from the largest three global financial institutions to participate in financing and constructing public projects through public-private-partnership (PPP).
These institutions are the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), Dimian added.
"The interest of these institution-funded projects with the participation of the private sector PPP reflects the growing confidence in the Egyptian economy and the ability of the Egyptian government to preserve the rights of investors and funding bodies," the minister added.
The minister revealed that the Finance Ministry has received an offer from EBRD, for the purchase of shares and stakes in the Egyptian Company, which holds the Spanish and the establishment and operation of the sewage plant in New Cairo, which has already begun to work about a year ago.