President Abdel Fattah El-sisi inaugurated on Monday (30-5-2016) the first and second phases of Al Asmarat housing project dedicated for slums dwellers.
The president opened the project which is located in the neighborhood of El Mokattam in the presence of the Prime Minister, the Minister of Defence and the head of the Armed Forces Engineering Authority.
The project is being implemented in order to place the residents of dangerous slums, notably Manshiyat Naser, east Cairo, El-Deweika in Manshiet Nasser, Dar el Salam, Stabl Antar, among other neighborhood.
El Asmarat housing project is constructed on 123 feddans through three phases to encompass 16.000 housing units; each unit is on a space of 65 square metre so as to upgrade slums in Egypt with total investments worth 5 billion Egyptian pounds (US$196.6 million).
The first phase I is spread over 65 feddans including 6258 housing financed by Cairo governorate budget and Informal Settlements Development Fund (ISDF).
While the second phase is implemented on 61 feddans encompassed 4722 housing units with total contractual sales of 700 million pounds, it is funded by Tahya Misr (Long Live Egypt) Fund.
In addition, works on the project phase III have started over 62 feddans with total cost of 950 million pounds to include 7440 housing units.
Moreover, the project includes providing-services buildings such as schools compound, nursery, mosque, mall, medical centers, sports facility, stadiums, police stations, and markets.
The establishment of new cities on the current development corridors topped the mega national projects. Among these cities are; East Port Said, New Ismailia, New Alamain, New Administrative Capital, and the integrated city at Galala Plateau.
The estimated area of these cities reaches approximately a thousand million meters2, costing about LE one trillion.
The Armed Forces Engineering Authority, in collaboration with 53 local civil companies, is implementing an entire city on Al-Galala Plateau on an area of 19 thousand feddans on the top of “al-Galala al- Bahareya” mountain at an altitude of 700m above sea-level, where the temperature is less than 11 degrees compared to that of Cairo.
There is a plan to provide fresh water to Al-Galala city through the construction of a 150,000 m3 desalination plant.
While, the electricity needed for the project will be secured through upgrading the Ataqa power plant in Suez and the wind farms of Zafrana .
There is, also, a plan to establish a tourist resort on an area of 1000 feddans, two hotels (one on the top of the mountain and the other by the beach), and a mall that will be linked to a 17 kilometer road, a cable car “teleferique”, a water park and a yacht marina.
(Source: Marwan Khattab)