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Overview: about the EBRDWho we are
Overview: about the EBRD
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Learn about the EBRD's journey to investing more than €220 billion in over 7,800 projects.
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Light
Eng
Eng
- EBRD promotes sustainable public-private partnerships (PPPs) in Egypt
- Launch of €10 million project preparation facility designed to encourage private-sector participation in infrastructure projects
- New facility will showcase commitment of the EBRD and Egyptian government to supporting green and sustainable infrastructure
The European Bank for Reconstruction and Development (EBRD), in collaboration with Egypt’s Ministry of Finance and with support from the Ministry of Planning, Economic Development and International Cooperation, has launched the €10 million Egypt Project Preparation Facility (EPPF).
Aiming to create a conducive environment to enable the streamlined and efficient delivery of public-private partnerships (PPPs), the facility will support the government in the preparation and implementation of PPP projects across the country. The primary objective of the facility is to bring bankable PPP projects to market and mobilise greater private-sector participation in developing green and sustainable infrastructure in sectors such as utilities, energy and transport.
The EPPF underscores Egypt’s commitment to aligning its infrastructure projects with the United Nations’ Sustainable Development Goals and internationally recognised environmental and social standards.
Aida Sitdikova, EBRD Director for the Middle East and Africa, said: “This facility represents a significant step towards mobilising private-sector investment for the delivery of green and sustainable infrastructure in Egypt. It is a clear demonstration of Egypt’s commitment to advancing PPPs, and we at the EBRD are proud to support this important initiative. I would also like to extend our sincere thanks to the government of Egypt and all our donor partners for their invaluable support in making this possible.”
The facility launch was celebrated during a ceremony held in Egypt today, attended by EBRD Managing Director Mark Davis, Egypt’s Minister of Finance, Ahmed Kouchouk, and Minister of Planning, Economic Development and International Cooperation, Rania al-Mashat.
The EBRD and Egypt’s Ministry of Finance signed the agreement for the EPPF earlier this year, in the presence of Egyptian Prime Minister Mostafa Madbouly.
In addition to the EBRD and the government of Egypt, the facility is supported by the Republic of Korea and the Netherlands and Spain under the High-Impact Partnership on Climate Action (HIPCA).*
Egypt is a founding member of the EBRD. Since the start of the Bank's operations in the country in 2012, the EBRD has invested over €13.5 billion in 206 projects across Egypt
*The HIPCA was launched by the EBRD and partners in 2021, supported by Austria, Canada, Finland, Germany, the Netherlands, Norway, South Korea, Spain, Switzerland, the TaiwanICDF, the United Kingdom and the United States of America.