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Economic Cooperation (
Official Development Assistance, ODA )Soft Loans
JAPAN extended concessional loans to Egypt in order to assist
Egypt to implement large-scale economic infrastructure projects
such as Al-Dekheila Integrated Steel Mill and the Suez Canal
Expansion Project. Since 1991, Japan has stopped extending new
loans because of the debt rescheduling for Egypt, but new three
candidate projects were formally applied for the government of
Egypt to Japan in 1999.
On June 18, 2003, the Japanese Ambassador in Cairo Mr. Kazuyoshi
URABE and Minister of State for Foreign Affairs, Dr. Fayza Abou
Al-Naga signed the agreement, which extends a soft loan amounting
to 8 billion yens for the execution of the Cairo-Alexandria
transmission system project. This project will establish a new
transmission line between Cairo and Alexandria and a sub-power
station.
Further more, on October 27, 2003, Japanese Foreign Miniter, Ms.
Yoriko Kawaguchi, and Minister of State for Foreign Affairs, Dr.
Fayza Abou Al-Naga signed the agreement, which extends a soft loan
amounting to 13.5 billion yens for the execution of the Zafarana
wind power plant project. This projest will establish a set of new
power plants with the capacity of 120 MW in Zafarana area, 220 km
southeast of Cairo.
These projects are expected to significantly contribute toward
solving the current power shortage in Egypt.
The soft loans offered by Japan to Egypt（E/N based）amount to 682
billion yen (LE 23 billion) and Egypt is the largest recipient of
Japanese bilateral aid in the Middle East.
Table of Soft Loan Projects in Egypt until 2004
|
Year |
Name of Yen Loan Projects (L/A
based) |
100 million Yen |
|
1974 |
*Commodity Loan to the Arab Republic of Egypt |
75.00 |
75.00 |
|
1975 |
*Deepening and widening Project of
Suez Canal First Phase
*Commodity Loan to the Arab Republic of Egypt II
*Commodity Loan to the Arab Republic of Egypt III |
380.00
75.00
75.00 |
530.00 |
|
1976 |
*The Alexandria Rehabilitation
Project
*Greater Cairo Water Supply Improvement Project |
58.05
58.20 |
116.25 |
|
1977 |
*Deepening and widening Project of
Suez Canal First Phase |
230.00 |
230.00 |
|
1978 |
*Greater Cairo Water Supply Improvement Project 2 |
33.75 |
33.75 |
|
1979 |
*Commodity Loan IV
*Suez Canal Dredging Capacity Reinforcement Project
*The Suez Canal Area Telephone Network Project |
80.00
120.00
51.38 |
251.38 |
|
1980 |
*Commodity Loan V
*Shoubrah El Kheima Thermal Power Station Project |
80.00
48.62 |
128.62 |
|
1981 |
*The Rural Electrification Project
in El Beheira Governorate
*Aswan Sugar Cane Production Improvement Project
*Commodity Loan VI
*Aswan II Hydroelectric Power Station Project
*Suez Canal Anchorage Area Expansion Project
*E/S for El-Dikheila Integrated Steel Mill Project
*El-Salam Canal Pumping Station Project
*El-Dekheila Integrated Steel Mill Project (I)
*El-Dekheila Integrated Steel Mill Project (II) |
31.60
28.40
50.00
29.00
70.00
30.00
46.00
150.00
180.00 |
615.00 |
|
1983 |
*Damanhour Gas Turbine Project
*Upper Egypt Regional Control Center Project
*Assiout Substation Project
*Shoubra El Kheima Thermal Power Station Project II
*Damietta Port Project
*E/S for Greater Cairo Water Supply Improvement Project III
*E/S for Tenth of Ramadan Agricultural Development Project
*Abu Rawash Wastewater Treatment Plant Project (E/S)
*Beni-Suef Cement Factory Project |
62.00
59.00
79.40
16.00
27.20
4.67
3.50
7.50
87.60 |
346.87 |
|
1984 |
*Marsa
Matruh Barge Mounted Steam Power Plant Project |
127.00 |
127.00 |
|
1985 |
*Beni-Suef Cement Factory Project
II
*Abou-Zaabal Substation Project |
157.50
82.00 |
239.50 |
|
1988 |
*Assiut Thermal Powewr Station
Project A |
103.21 |
103.21 |
|
1990 |
*Commodity Loan VII |
436.68 |
436.68 |
|
1991 |
*Commodity Loan VIII |
232.66 |
232.66 |
|
1992 |
*Beni-Suef
Cement Factory Project III |
124.90 |
124.90 |
|
2001 |
*Social Fund For Development Project |
51.94 |
51.94 |
|
2003 |
*Cairo-Alexandria Transmission
System Project
*Zafarana Wind Power Plant Project |
50.01
134.97 |
184.98 |
|
2004 |
*Borg-El-Arab International Airport
Modernization Project |
57.32 |
|
|
Total |
|
3885.06 |
3885.06 |
→Japan's
Assistance to Egypt's Top |
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