Egypt has launched a €10 million fund in cooperation with the European Bank for Reconstruction and Development (EBRD) to support the development of public-private partnership (PPP) projects. The initiative, known as the “Egypt Account,” aims to accelerate feasibility studies and consultancy services required for large-scale infrastructure projects.
Purpose of the Fund
The fund will finance feasibility studies, technical assessments, and advisory work, enabling projects to move from planning to tendering more quickly. According to the Ministry of Finance, the initiative will reduce the approval period for feasibility study funding from around one year to just two months. In addition, consultant contracting is expected to be completed within six to eight weeks.
Supporting Infrastructure Growth
The Ministry of Finance confirmed that PPP projects in sectors such as energy, transport, water, electricity networks, and education will benefit from this fund. The programme is part of Egypt’s efforts to strengthen private sector participation in infrastructure and reduce reliance on public financing.
The government also highlighted that in fiscal year 2023/24, 30 PPP projects worth approximately EGP 41 billion were launched, with upcoming projects expected to involve investment costs between EGP 25 billion and EGP 30 billion.
Partnership with EBRD
The cooperation with EBRD reflects Egypt’s broader strategy to expand collaboration with international partners. The new account will act as a PPP project preparation mechanism, creating a more efficient and transparent process for bringing private sector investors into large-scale national projects.
Conclusion
The €10 million fund marks a significant step in advancing Egypt’s PPP agenda. By streamlining the feasibility and preparation stages, the initiative is expected to enhance investor confidence and accelerate infrastructure development. If effectively implemented, the mechanism could serve as a model for other emerging economies seeking innovative financing tools to support growth.
