EGP 425m of new budget goes to slums: Housing Minister

The New Urban Communities Authority (NUCA) has suggested supporting the plan to develop slums in Egypt using EGP 425m in collaboration with the Ministry of Urban Development and Slums.

This will come as part of the proposed plan for the upcoming fiscal year (FY) 2015-2016, Minister of Housing Mostafa Madbouly announced in a statement.

In the past few days, the ministry took further steps in realising social justice should include this new suggestion, Madbouly added. He pointed out that it also falls within NUCA’s medium-term plan for 2014-2017. In its second year (2015-2016), it will target the completion of projects already initiated and starting new projects with an amount of EGP 28bn, in order to realise social justice.