Geza Ulole
Platinum Member
- Oct 31, 2009
- 72,913
- 103,782
Halafu sikuwa nataka kuvunja roho yako ila ni sharti nikupe ukweli. The Biggest project in Africa sasa hivi inaweza kuwa ni hii project ya Egypt building it's new capital city at a total cost of $58 billion. Yaani imekaribia Gdp ya Tanzania. Ujenzi umeshaanza kwa hivyo lazima niiweke kwa hii list maana hii list ni ya ujenzi wowote ambao umeshaanza.
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The New Capital - Wikipedia
en.m.wikipedia.org
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Egypt's building a new capital: Inside the smart city in the desert
A new administrative center being built between the Nile and the Suez Canal will be the country's first smart city.www.google.com
Halafu mradi wenyewe unaharakishwa kama baiskeli ya kuibiwa. Haujengwi polepole.
Tazama video uone progress jinsi mradi unakimbizwa. Mind you in 21 months tayari unaweza kuona skyscrapers nyingi zinazojengwa
kwa funds za mikopo sio? wacha ufala kama huwezi ku-argue meaningful! Nimesema in terms of FDI yaani Foreign Direct Investment yaani host country haiko binded or committed to any sort of loans from banks!
Egypt faces more delays in funds to build new capital
The consortium of Chinese banks funding the lion’s share of Egypt's new administrative capital has delayed delivery of the loan until Egypt provides more proof of its ability to repay the funds.Read In: العربية
Ahmed Youness
TOPICS COVERED
loans, debt, egyptian government, imf, banks, china, cairo
Jan 31, 2020
Money issues continue to plague Egypt's plans for a new administrative capital.
Egypt has yet to meet multiple conditions attached to China’s $3 billion loan facility to design and construct the proposed new capital's central business district, an Egyptian government source told Al-Monitor.
The source, who declined to be named because of the sensitivity of his position, said the Chinese banks’ insistence on overcomplicated payment guarantees is obstructing disbursement of the $834 million first tranche of the loan. Egypt was expected to obtain that tranche in January. The Egyptian government is working to resolve this dispute and hold talks to rush the disbursement, the source explained.
“The Chinese side has concerns about whether [Egypt] is capable of reimbursing the loan and through wh
Read more: Egypt faces more delays in funds to build new capital
News
Egypt is struggling to fund its new capital, official says
13 May 2019 | By GCR Staff | 0 CommentsThe man in charge of delivering a vast new capital for Egypt in the desert east of Cairo has said the foreign investment needed for the megaproject is not there yet.
“We need very extensive financing and the state doesn’t have money to give me,” said Ahmed Zaki Abdeen, chairman of the army-controlled New Administrative Capital for Urban Development (ACUD).An estimated $58bn is needed for the scheme, which was launched in 2015 and is intended to house 34 government ministries and be a new business, finance and cultural hub, with a population of 7 million people.
Abdeen told Reuters that only around 20% of the investment so far had come from abroad, including loans from China amounting to around $4.5bn.
At the time of the launch, the Egyptian government believed global capital would pour in to create a clean, futuristic business hub.
But since then, talks with prominent investors, including Dubai-based Emaar Properties PJSC and China Fortune Land Development, have fallen through.
The Egyptian government has been forced to get a $3bn loan from China to build towers in the new capital’s central business district.
Image: Artist’s render of Egypt’s New Administrative Capital, planned for a 725-sq-km site in the desert east of Cairo (Courtesy of the Urban Development Consortium, UDC+5)
Egypt is struggling to fund its new capital, official says - News - GCR
The man in charge of delivering a vast new capital for Egypt in the desert ......
www.globalconstructionreview.com


