Latest news with #AgenceFrançaisedeDéveloppement
Time of India
2 days ago
- Business
- Time of India
MC updates Centre on 24x7 UT water project
1 2 Chandigarh: The municipal corporation on Thursday provided a detailed briefing to the ministry of finance and Agence Française de Développement (AFD), a French development agency, regarding the current status of the 24x7 water supply project in the city. The session, led by the municipal commissioner, focused on the project's implementation progress, ongoing works, and the upcoming action plan. During the briefing, officials highlighted that the long-term technical assistance (LTTA) contract commenced in Feb 2024. Also, that the contract for the upgradation of Kajauli water works was awarded in Aug 2024. It was noted that the preparation of the design-build-operate (DBO) tender documents has been delayed since April 2024. This delay is attributed to a complete renewal of the project team and the absence of a dedicated project director since Oct 2024. As a result, decision-making processes have been significantly hindered, leading to substantial delays in project execution. The team also clarified that Kajauli water works will be funded under the AMRUT scheme. Taking into account inflation and exchange rate fluctuations, the current budget is expected to be sufficient for the successful implementation of the project, including the integration of 13 villages, in accordance with the prescribed guidelines. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Also, the credit facility agreement (CFA) and grant facility agreement (GFA) between AFD and the department of economic affairs (DEA) were signed in Sep and Nov 2022, respectively. The project agreement between AFD and the MC was finalised in Dec 2022. The meeting, held in New Delhi, also included discussions on similar projects and developments in other states and Union Territories.
Iraqi News
07-05-2025
- Business
- Iraqi News
Iraq, France's AFD partner on €130m wastewater projects
Baghdad ( – In a move to strengthen sanitation infrastructure and improve public health in underserved regions, Iraq has signed two major financing agreements with France's Agence Française de Développement (AFD), totaling €130 million. Iraqi Finance Minister Taif Sami Mohammed signed the two agreements on Tuesday, in the presence of the French ambassador in Baghdad. The funding will support two key wastewater treatment projects. A €110 million package, which includes a €30 million top-up loan, will go toward expanding the Khalidiya sewage system in Al Anbar Governorate. Meanwhile, an additional €100 million has been earmarked for the construction of the Hamza sewer project in Diwaniya Province. These projects aim to boost essential services and living conditions, particularly in low-income areas of Iraq. AFD, active in Iraq since 2011, has so far invested around €600 million in public and commercial development across the country. The latest agreements mark another step in deepening Iraq-France cooperation on infrastructure and sustainable development.
Iraq Business
07-05-2025
- Business
- Iraq Business
Iraq Signs €130m Infrastructure Agreements with France
By John Lee. Iraq's Ministry of Finance signed two new credit agreements on Tuesday with the French development agency, Agence Française de Développement (AFD), to finance critical infrastructure projects in the sanitation sector. The first agreement includes a €30-million supplementary loan for the sewage project in Khalidiya district, Anbar, raising total funding for the project to €110 million. The second agreement allocates €100 million to a new sewage project in Hamza district, Diwaniyah. Finance Minister Taif Sami stated that these agreements aim to transfer French expertise and technology in wastewater treatment to Iraq, enhancing living conditions and public health standards in the targeted cities. (Source: Ministry of Finance)
Egypt Independent
09-04-2025
- Business
- Egypt Independent
Egypt, AFD sign sign nine agreements worth €262.3 million
Egypt and France have signed nine financing agreements following the high-level official visit of French President Emmanuel Macron to Cairo, in the presence of several Egyptian and French ministers. These agreements total €262.3 million, comprising loans and grants, and reflect the depth of the long-standing, structured bilateral partnership between France and Egypt. By leveraging the technical expertise and know-how of French companies, the Agence Française de Développement (AFD) seeks to invest in projects with a tangible impact to achieve shared prosperity. The agreements include high-impact projects serving citizens, reflecting the diversity and breadth of cooperation between Egypt and France, through the AFD, in three top-priority sectors: transport, water, and energy. Together, these projects constitute nearly half of the commitments included in the Intergovernmental Cooperation Agreement (IGA) for the 2021-2025 period. These sustainable investments also underscore the priority of essential transitional infrastructure and the alignment of the bilateral partnership with Egypt's priorities, including the 'NWFE' (Nexus of Water, Food, and Energy) program and 'NWFE +' for transportation. Transportation projects The 10th of Ramadan Dry Port Link project aims to connect the dry port and industrial zones in Robiki, 10th of Ramadan, and Belbeis to Egypt's main seaports. The project, co-financed with the European Bank for Reconstruction and Development (EBRD), will contribute to supporting Egypt's priorities to foster a more dynamic and competitive private sector by facilitating export operations, increasing the attractiveness of industrial value chains, alleviating road traffic congestion, and encouraging the transition to rail transport. This project is expected to support the economic activity of hundreds of thousands of workers in the associated industrial zones. Wastewater treatment The two sides also signed the financing and grant agreements for the 'al-Gabal al-Asfar' Wastewater Treatment Plant Project, with financing from AFD amounting to €50 million, a grant of €1.5 million, and an EU grant of €10 million, managed by AFD for the Ministry of Housing, Utilities, and Urban Communities. This project aims to enhance the sustainable development of the water and sanitation sector by increasing the treatment capacity of the plant to meet the rising population of those served within the drinking water and sanitation service area. This expansion of the 'al-Gabal al-Asfar' plant, one of the largest wastewater treatment plants in Africa, will add an additional treatment capacity of up to one million cubic meters per day, meeting the needs of an additional 5.5 million people, and will create more than 2,000 jobs. Moreover, financing and grant agreements were signed for the 'New Wastewater Treatment Plant Project in East Alexandria,' with €68 million financing from AFD and a two million euro grant for the Ministry of Housing, Utilities, and Urban Communities. The project aims to contribute to improving wastewater treatment services in the country, particularly in Alexandria, and work with new urban development projects. It will alleviate pressure on the existing facility due to the growing population. The project aims to serve approximately 1.5 million people (300,000 cubic meters per day) upon completion of the first phase, which will continue until 2032. Renewable energy During a high-level event, two agreements for concessional financing and a grant were signed for the 'Regional Control Center Project in Alexandria,' with €50 million financing from AFD and a €10 million grant from the European Union, managed by the Agency for the benefit of the Ministry of Electricity and Renewable Energy. This project is part of the energy pillar of the nation's platform for the 'NWFE' program. The project aims to provide stable, high-quality electricity supplies to the residents of Alexandria and modernize the control facilities of the electricity grid, especially in one of the most densely populated areas in Egypt. With the rise in national energy generation, the sharp increase in demand, the integration of renewable energy sources, and the rapid expansion of the network, this project aims to help Alexandria become a strong regional energy hub. Edited translation from Al-Masry Al-Youm
