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Grain Silos Complexes Project

Egypt

Borrower Egypt
Financing Type Public Sector
Instrument Project Loan
Focus Area Agriculture
Approved 10.12.2002
Signed 30.05.2003
Status Completed
Loan Administrator OPEC Fund
Executing Agency General Authority for Commodities and Supply, Ministry of Supply and Internal Trade
Co-financiers Government
OPEC Fund Contribution (US$m) 10.00
Total Project Cost (US$m) 26.00

Agriculture, particularly the export of grains, plays a vital role in Egypt’s economy. Additional storage capacity, however, is needed as grain is often housed in open areas that offer little protection from humidity, insects and other damaging influences. The project will thus entail:

  • construction of 20 metal silos, each with a storage capacity of at least 30,000 tons
  • equipping of complexes with truck and railway receiving pits, delivery portals and scales, as well as tunnels and modern conveyance systems
It is anticipated that the project will save the government almost $19 million per year, which will be invested in building additional silos until an adequate network has been established throughout the country.

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