The African Business Journal: Egypt to spend $10.5 billion in upgrading irrigation

Egypt to spend $10.5 billion in upgrading irrigation
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African News on 07 September, 2010 10:12:00
 
TABJ Sep 7 - Egypt plans to spend an initial 60 billion Egyptian pounds to
upgrade the country's irrigation network, according to the country's Agriculture
Minister.
Countries along the Nile will need more water as their populations grow, a
development which could affect Egypt's share of the river's flow, said Minister
Amin Abaza.
The plan will take 10 to 15 years and include 4.8 million acres of traditional
farming areas, according to reports, financed by the government at a reduced six
per cent interest rate.
Ethiopia, Tanzania, Uganda, Rwanda and Kenya signed a new agreement in May to
alter historic sharing arrangements for the Nile's waters, a deal opposed by
Egypt.