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Egypt Secures $7 Million World Bank Grant for Environmental Sustainability and Economic Development
April 29, 2010
World Bank
The World Bank’s Board of Executive Directors today approved a $7.15 million grant for Egypt, which will help finance the Alexandria Coastal Zone Management Project.
The grant will support the Government of Egypt’s efforts to reconcile economic development with environmental and social sustainability though the implementation of an integrated approach to coastal zone management, in particular the ongoing preparation of a National Strategy for Integrated Coastal Zone Management (ICZM).
"We are pleased that the GEF grant will support this project, which is in line with the Country Assistance Strategy (CAS) for Egypt, namely to ensure environmental sustainability along with economic growth," said A. David Craig, Country Director for Egypt, Yemen and Djibouti.
The objective of Alexandria Coastal Zone Management Project is to improve institutional mechanisms for the sustainable management of coastal zones in Alexandria, in particular to reduce land-based pollution to the Mediterranean Sea. The project will pilot innovative and low-cost technologies for pollution reduction originating from agricultural drainage water and rural domestic wastewater.
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