| Financier | Commitments |
|---|---|
| Borrower/Recipient | 10.00 |
| International Bank for Reconstruction and Development | 100.00 |
EGYPT-ALEXANDRIA DEVELOPMENT PROJECT
Abstract*
The Egypt Alexandria Development Project objective is to support local development in Alexandria by removing key infrastructural constraints, reducing barriers to investment, and ensuring the socioeconomic integration of the poor. The project has four components with the first making it a priority to support infrastructure which would support local economic development. This includes providing off-site infrastructure needed to support private sector... Show More
Development Objective
The development objective of the Project is to support local development of the Alexandria Governorate by removing key infrastructural constraints, reducing bar riers to investment and ensuring the socio-economic integration of the poor
Key Details
Project Details
P094229
Closed
Ahmed Eiweida
N/A
June 2, 2005
(as of board presentation)
September 18, 2007
N/A
US$ 110.00 million
N/A
2008
US$ 100.00 million
A
Not Applicable
October 28, 2007
BANK APPROVED
March 8, 2016
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 100.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 100.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 110.00 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 18, 2007 | IBRD-74900 | Loan Commitment | 100,000,000.00 |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Increased private sector investment in the project area adjacent to Lake Marriout as a result of servicing lands and improved ambient conditions. Value Date Comment Improved accessibility and reduced travel time to the main centers of economic activity through rehabilitation/ reconstruction of selected arterial roads. Value Date Comment Improved living conditions of the population living in selected squatter settlements as a result of increased access to basic infrastructure and community services. Value Date Comment Improved local business environment as a result of streamlining key business start-up procedures and regularizing land ownership. Value Date Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Land adjacent to Lake Marriout provided with off-site infrastructure, and at least 60% put on the market and sold to private investors/developers by end of project. Value Date Comment Investors/developers selected in a transparent and competitive process, and works initiated. Value Date Comment Arterial and access roads rehabilitated, resulting in increased usage, reduced travel time and accidents. Value Date Comment Time to complete key business start-up procedures reduced by 50%, number of steps reduced by 50% and cost reduced by 15%. Value Date Comment Land legalization process for 60% of eligible applications from North Merghem investors completed. Value Date Comment Viable management strategy for industrial areas developed and endorsed by key stakeholders. Value Date Comment Residents satisfaction improved in targeted squatter settlements as a result of improved access to infrastructure and basic services. Value Date Comment Physical planning performance improved in Alexandria as a result of preparing and adopting new Structure and Land Use Plan. Value Date Comment Strategic planning performance improved in Alexandria as a result establishing a well functioning Development Agency. Value Date Comment