The European Bank for Reconstruction and Development (EBRD), in cooperation with the Egyptian government, on Tuesday launched a plan to transform 6th of October into a green city.
The plan is set to be implemented by the relevant government agencies and the 6th of October City Authority.
It enhances Egypt’s efforts to transition to a green and sustainable economy and implement the Green Cities Program, which comes as part of cooperation between the government and the EBRD.
Egypt and the EBRD, one of the largest multilateral European development banks, boast close ties with this new project coming under the joint strategy with the bank for 2022-2026.
Minister of International Cooperation and Governor of Egypt at the EBRD, Rania al-Mashat, said that cooperation with the bank in implementing the Green Cities Program reflects the close cooperation between the two sides.
It also strengthens Egypt’s international partnerships in order to transition into a green economy and the implementation of the National Climate Change Strategy 2050, she added, alongside nationally determined contributions as well as implementing Sustainable Development Goals.
A green transition
The plan includes many pioneering projects in many fields, she said, with investments and funds to be mobilized for their implementation.
Mashat explained that through international partnerships, the first dry port project in Egypt was financed in 6th of October City, with funding from the EBRD and in partnership between the governmental and private sectors, becoming one of the city’s major green projects.
Through this action plan, the 6th of October City works to address environmental issues and challenges related to infrastructure and support its transition to a green, low-carbon future.
The plan serves as a strategic roadmap designed to achieve the city’s vision through the implementation of “core pivotal projects.”
The Green City Action Plan (GCAP) includes identifying 14 major projects across key sectors, supported by 17 long-term initiatives, with the aim of transforming 6th of October City into a leading Egyptian city that supports sustainability, green investment, digital transformation, and comprehensive growth.
The program provides a strong platform for international financial institutions to support sustainable projects.
A prominent example of this is the financing available from the EBRD, totaling 25 million euros, to establish the first dry port in Egypt in the city – which will serve as a catalytic project for the green city action plan.
