672- ,672 -6&57D_.mMtof

The WorldBank

FOR OMFUAL USE ONLY

p~~ ~~ P -4!'F-!c!ct . P-6408-EGT

MEMORADUM AIND RECOMTMTION

OF THE

PRESIDENT OF THE

INTERNATIONAL BANK FOR RECOISTRUCTION AND DEVE

AND THE

INTENTIONAL DEVELOPMENT ASSOCITIlON

TO THE

KECITrVE DIRCTOBRS

N A

PROPOSED WAN IN AN MOUNT EQUIVALENT TO US$26.7 MILLION

AND A CIEDIT IN AN AMNT OF SDR 35.7 LMION

TO TIE

ARAB REPUBLIC OF EGYT FOR THE

IRGATION IMPRvmEN PROJECT

DECEBER 1, 1994

Ths docment has a resaiced distibuton and may be ued by mients oy In the perfome oftheir official dutks Its CoMt ay not orise be disosed widout WrM BDank authorzati.

-a CNC 13IVAL

US$1.00 - 3.4 Egyptian Pounds (L.L.)L..l1.00 - US$0.294 (September 1994)

-: IGBS ^B1)MEASURS .

Egyptian ant/or Metrig Unit RngliLsbzUS Unit1 millimeter (mm) - 0.039 inebesI centimeter (cm) - 0.,394 inches1 meter (m) - 39.370 inches1 kilometer (km) - 0.620 miles1 feddan (fed) - 0.420 hectares, 1.037 acres1 square kilometer (kua) - 0.386 square miles1 hectare (ha) - 2.470 acres1 cubic meter (m3) - 35.310 cubic feetI liter (1) - 1.057 quarts1 liter per second (l/s) - 0.035 cubic feet per second1 kilogram (kg) - 2.200 pounds1 metric ton (t) - 2,205 pounds1 kilowatt (kw) - 1.360 horse power

PRINCIPAL AEBEVI&IONS AMD ACM=NYMS SD

CDP Cross Domestic ProductIAS Irrigation Advisory ServiceICB International Competitive BiddingIIPD Irrigation Improvement Project DirectorateKfW Kreditanstalt fur Viederaufbau (German Bank for

International Development Financing)M&E Monitoring and EvaluationMOH Ministry of HealthMPWWR Ninistry of Public Works and Water ResourcesNDGIC Netherlands Directorate General for International

CooperationO&M Operation and MaintenancePURD Policy for Human Resources DevelopmentPPAR Project Performance Audit ReportUSAID United States Agency for International DevelopmentVRC Water Research CenterWVUAs Water Users' AssociationsWUGs Water Users' Groups

GO Vm OF -RAB EPULBIC OF Z=YP?FSCAL TM

July 1 - June 30.

FOR OFFICIAL USE ONLY

ARAB RUn1L1 OF UGP-

loan/Credit and Project Summary

).gRrrgm : 0Government of the Arab Republic of Egypt (GOB)

Renelfl.arlea : Smallholder farmers and the Irrigation Department ofthe Ministry of Public Works and Water Resources(MPWR)

Zo.rSz : Program of Targeted Interventions

loanZft2dIt Al-eFt : IBRD Loan -- US$ 26.7 million equivalentIDA Credit -- SDR 35.7 million

(US$53.3 million equivalent)

earms IBRD Loan - - Standard variable interest rate for aterm of 20 years, including 5 years ofgrace.

; IDA Credit -- Standard IDA for a term of 35 yearsincluding 10 years of grace

Financing Plan : COE US$ 53.7 million 29.5 percentIBRD US$ 26.7 million 14.7 percentIDA US$ 53.3 million 29.2 percentGermany (KfW) US$ 44.9 million 24.6 percentThe Netherlands (NDGIC) US$ 3.7 million 2.0 percentTotal US$182.3 million 100.0 percent

pconomic Rate of getNo :25 percent

Staff Appraisal Report : Report go. 13454-BRT, dated December 1, 1994

112 : IBRD No. 26197

i isdona ha a res_td disibuiond my be udsd by rcipinsonly in twpt ma oftholffcal dutes lts _otet magr not oietie be disclosed without Word 1Dank

N DONUN AND RECOEATION OF THE ISD T QF THEINTERNATIONAL BAhK FOR RECONSTRUCTION AND DEVELOPMEN

AND THE INTERATIONA.L DEOPMENT ASSOCIATIONTO THE EXECUTIVE DIRECTORS

ON A PROPOSED L)h/ClREDIT T THUE ARAB REPUBLIC OF EGYP$ FOR THEIRRIGATION Imam=O PIECT

1, Tme following mmorandus and reo _ endation on a proposed loan forUS$26.7 million and a credit for SDR 35.7 million, to the Arab Republic ofEgypt is submitted for approval. The proposed loan would be for 20 years,incltuding five years of grace. The credit would be on standard IDA teras with

a maturity of 35 years, including 10 years of grace at the standard IDA terms.-*The loan/credit would help finance the Irrigation Improvement Project for -

three irrigation command areas serving a total net irrigable area of about248,000 feddans (104,000 ha).

2 Backgrouhd. Agriculture occupies a dominant position in the Egyptianeconomy, accounting for 20 percent of GDP, 35 percent of the labor force and20 percent of merchandise export earnings. The land base for agriculturalproduction consists of 7.5 million feddan (2.0 million ha) of arable,irrigated land. Irrigated farming in Egypt is supported by one of the world'slargest single river basin systems, extending 1,200 km from the High Aswan Damto the Mediterranean coast.

3. Perennial irrigation, made possible by construction of the High AswanDam, coupled with high usage of modern inputs and multiple cropping, made theland resource highly productive. Measures are still needed for the efficientuse of the sector's single most important limiting resource, water, and theadoption of financially sustainable programs for maintaining the irrigationand drainage network. Therefore, improved efficiency in on-farm irrigation isa major strategic objective.

4. Rationale for Bank/IDA Involveuent . Bank assistance strategy inEgypt, which was presented to the Board on March 24, 1994, during thepresentation of the Agricultural Modernization Project (Report No. P-6203-EGT), accords high priority to financing projects which focus on environmentaland sustainability issues and on poverty alleviation. As pointed out in theEnvironmental Action Plan Report for Egypt, the supply of water from the NileRiver is limited, and the only way to meet the increased demand is byconservation through more efficient use by agriculture. The Goverrment' environmental strategy gives the highest priority to conserving waterresources. The Agriculture Sector Strategy has underscored the importance ofincreasing the efficiency of water use and reliability of water services as animportant objective. The project would address these concerns. The projectwould mainly benefit small holder communities with average land holding below1.9 feddan (0.8 ha). It would not only help increase the income of thistarget group, but also will have significant replication potential for 6million feddans currently under irrigated agriculture in Egypt. Through theproject, the Bank would play an important role by assisting the Government inpromoting water use efficiency and energy saving measures. The Governmentalso looks to the Bank to provide technical leadership in designing a long-term irrigation improvement program. The Bank can play an effective rolesimilar to its role in the drainage program which has been underimplementation over the past 20 years and which has resulted in providlng on-farm drainage on about three million feddans.

-2

Lessons Learned.

5 Much has been-learned about the problems of the subsector during theBank's long and substantial involvement with drainage, a channel maintenanceand two pumping stations rehabilitation projects. The first five drainageprojects and first pumping station rehabilitation project experiencedinglementation delays of two to -three years, pr1marily due to delayedeffectiveness and overly optimistic implewentation schedules. The principalfindings of the Project Performance Audit Reports (PPAR) for these projectsare: (a) the Implementation period should consider delaying factors, such asthe lengthy periods required for procurement, and the civil works schedules -

should be based on a more realistic implementation capacity; and (b) technicalassistance should be sought from bilateral grant sources as the Goverrmont isreluctant to use loan funds for consultants.

6. The Government is liplementing a pilot project of irrigationImprovement in six Governorates with USAID assistance. Technical andinstitutional concepts introduced in the pilot project will be incorporated inthe proposed project. USAID recently carried out a detailed evaluation of itspilot program for the Irrigation Improvement Project in November 1993. Thepurpose of t1e evaluation was to assess the progress, evaluate theeffectiveness and provide guidance for more effective implementationactivities. The assessment indicates that the project is continuing toachieve its goals, purpose and objectives satisfactorily but has not reachedits ambitious level of planned output. The specific findings andreconamendations of the evaluation are: (a) to promote sustainability, a costsharing program with beneficiaries is essential; (b) there is a lack of staffto accomplish project goals; (c) tripartite coordination between the farmers,Irrigation Advisory Service (IAS) and agriculture extension for improvement ofwater conservation and yield is lacking; and (d) the construction program isbehind schedule mainly due to late start and lack of experience ofconstruction contractors, which requires proper selection and supervision ofcontracts. The Government has also obtained a grant of about US$ 0.5 m.illionfrom the Japanese policy for human resources development (PHRD) fund to assistin the institutional aspects and preparation for implementation of theproject.

7. In order to address those weaknesses in implementation, actions wereagreed to: (a) organize water users' groups (WUGs) for the works to beimplemented during initial two years under a PHRD grant mentioned above, andprepare bidding documents for tender processing before project effectivenessto facilitate a rapid start-up of implementation; (b) further technicalassistance would be financed through financing from KfW and NDGIC, which wouldenable the project to proceed smoothly with timely expert input in variouscomponents of the project; (c) cost sharing arrangements are in place underthe recently amended Irrigation Law, which is a breakthrough, and would helpin promoting future sustainability; (d) on-farm irrigation managementdemonstration program would ensure tripartite coordination between farmers,IAS and agriculture extension and (e) prequalification of local and foreigncontractors under ICB procedures for civil works would ensure participation byexperienced and qualified contractors.

8. Proiect Objectives. The overall objectives of the project are to:(a) increase agriculture production and farm incomes through the provision of

-3-

an improved Irrigation service; (b) reduce water use through increaseddistribution efficiency and on-deimand water availability; (c) transfer fullresponsibility for the O&M of the tertiary system to farmers so as to relievethe financial burden on the Government and improve motivation andaccountability; (d) promote improved communications amongst the farmingcommunity, technical staff, general public and policy makers by carrying out asystematic awareness campaign in promoting water use efficieency and costsharing arrangements; and (e) strengthen the Ministry of Public Works andWater Resources (NPWR) institutional capacity for planning and ImplementationIn the irrigation sector.

9. Protect Descris2ron. The proposed project comprises the improvementof-three irrigation command areas serving a total taet irrigable area of248,000 feddan (104,000 ha). The subprojects are Nahmoudia (131,000 fed) inBaheira Governorate, Manaifa (42,000 fed); and El Wasat (75,000 fed) in KafrEl Sheikh Governorate. Existing delivery system of main and secondary canalswill be improved and provided with control structures, telemetry system andmixing stations installed for reuse of drainage effluent. The tertiary systemin the project area will be developed with provision of single lift pumps andlined or pvc pipe tertiary laterals. IAS will be established to organize andtrain farmers into WUGs at tertiary level and water users associations (WUAs)at the secondary level. Institutional support will be provided through acommunication component at the MPWWR and Project levels, technical assistancefor monitoring and evaluation (M&E) environmental aspects, on-farm irrigationmanagement demonstration program, and a training program both in country andoverseas.

10. The project was identified and prepared by MPWWR which signifiescommitment and ownership and will be implemented with full participation ofbeneficiaries. The project would be implemented by MPWWR over a period ofseven years. A project coordination committee has been set up in order toexpedits implementation. The total cost of the project is estimated atUS$182.3 million with a foreign exchange component of US$94.7 million (52percent). A breakdown of costs and the financing plan are shown in ScheduleA. Amounts and methods of procurement and disbursement schedule are shown inSchedule B. A tlmetable of key project processing events and the status ofthe Bank Group's operations in Egypt are given in Schedules C and D,respectively. A map and Staff Appraisal Report No. 13454-EGT, dated December1, 1994 are also attached.

11. Actions Aareed Durina NeMotiations. The following are key assuranceswhich were obtained from the Government of the Arab Republic of Egypt (GOE)during negotiations: (a) the audited accounts together with the auditor'sreports, would be furnished to the Bank Group within nine months of the end ofeach fiscal year; (b) the Water Research Center (WRC), in coordination withthe Ministry of Health (K0H), would prepare a short report on the prevalenceof Bilharzia disease and the use of molluscicides for the two Governorates(Baheira and Kafr El-Sheikh) for the Bank Group's review each year; (c)Irrigation Improvement Project Directorate (IIPD) would submit a detailedprogress report for the mid-term review, by December 31, 1998, and Section IIof the Implementation Completion Report not later than six months after theloan closing date; and (d) cost sharing of investment cost for Neskadevelopment will be based on recovery within five years for the cost of singlelift pumps and over a period of ten to twenty years based on farmers' capacity

-4-

to pay for other civil works starting from the timn of completion of theseimprovements.

12. The Government has taken the following actions to facilitate projectimplementation: (a) issued a Ministerial Decree appointing experienced staffto eight spectfied key posltions; and (b) established a technical coordinatingcommittee at the headquarters in Cairo and a local coordinating committee atthe Governorate level.

13. *nvi*M "Ml &Meta. The project has been placed in Environmentalscreening category "BO consistent with O.D. 4.01. An environmental managementplan would be implemented to support institutional strengthening and training,water quality monitoring and agricUltural chemical management. The projectwould have a generally positive impact on the environment by improving water -

use efficiency and protecting soil resources from waterlogging andsalinization in the irrigated areas. Current use of drainage effluent withhigh salinity contents during peak demand months will be controlled by mixingdrainage effluent with fresh water through the reuse pumping stations, thusimproving the quality of water.

14. Payery. The project has been placed in poverty category OPTI as itwill enhance the income of over 70 percent of the project beneficiaries withholding-size less than 1.9 fed (0.8 ha) whose current farm Income is less thanrelative poverty line and close to ultra-poverty line in Egypt.

15. henefitg . The project would primarily benefit about 95,000 farmhouseholds, increasing their income by providing timely and adequate amount ofirrigation water. Through a participatory approach and organization of WUGsthe project would create a sustainable ownership of tertiary laterals by itsbeneficiaries and would result in an estimated 34 percent savings in thepumping cost of the irrigation water. The Economic Rate of Return for theproject is estimated at 25 percent.

16. Risks. The major risks are: (a) limited implementation capacity ofdomestic contractors which could reduce the area to be improved; and (b) delayin design of improvement works and procurement processing. These risks wouldbe minimized by: (a) prequalification of contractors and the provision oftechnical assistance and training of contractors and IIPD staff; and (b)advance actions on procurement and design work using PHRD grant funds.

17. R*comendatlon. I am satisfied that the proposed loan/credit wouldcomply with the Articles of Agreement of the Bank/IDA and recommend that theExecutive Directors approve the proposed loan/credit.

Lewis T. PrestonPresident

AttachmentsWashington, D.C.

Achedule4

Arab ReUMMic of Rmvt

MIAYKb COSYS MID AM ANIDG

rojeet Couonetta and Estimted Costs:

~~~~~~~~~8 81,s tal h

DLImv SYSTPJ( 1n?l7 - fa SzoamR CWMU 31,89.8 #2,817.4 64,734.2 9,369,6 9,669.8 19,039.5 St 14TERtIAW D2VZLO - 145 671.3 181,476.4 321 141.7 42.844 53.375.4 96.219.9 SS 5g

ubtetal 1 _ eta DUVU ?ft,528.1 214,353.9 31 881.9 52,214.1 63,045.3 115,259.4 55 833. mtt:m itn

IN CAID 3,681.0 11,521.3 15,208.3 1,082.6 3,390.4 4,473.0 76 3IN E3W OmcES l1.S22.7 9,807.S 21 330 2 3.389 0 2,804.6 6.273 6 46 4

sIMOtXtal 8W1SIXTO - 15,203.7 21M,334.36 4471.7 6,21 < .9 10,746. 6s 8C. _omiea us

V MflisPX LZVIL 4 326.2 5,0560 9.3822 1272 .4 1 487 1 2 759.5 54 28ubt.tal cus_grcu IUIt 1,4 t056.0 9,3822 1,272.4 1T 1SI 54 2D. IMSATISC ARDUSOFF SuVICI 18,320.2 9,425.6 27,745.8 5,308.3 2,772.2 8,160.5 34 6E. ENVInMNTA MITRGAI0t PI^N 1,951.8 1,961.1 3,912.9 574.1 576.0 1,150.9 S0 1F. M-NM IUGAICON lMNGDU_T PIlOT P1GU 2,274.3 3 045.6 5 320 0 668.9 895.8 1564.7 57 1

wtotl COJSS 00011219,604.2 3255 li4A 1813 64,589.5 75,052.1 139 641.6 S 4 100Physical Contlngencies 28,43S.3 34,000.4 62,435.8 8,363.3 10,000.1 18,363.5 54 13price Contingencie 49.797.7 32,SS8.1 82,65S. 14 646 4 9,664.2 24310. 40 17

total Rao= Cot 297,837.3 322,035.6 619,87. 87 9S. 94,716.4 12 315.6 -2 131

Financier Local Foreign Total Percent of---- (USNillion)------ Total Cost

Bank GroupIBRD 7.8 18.9 26.7 14.7IDA 15.7 37.6 53.3 29.2

Germay (MfW) 8.4 36.5 44.9 24.6Netherlands Grant (NDGIC) 2.0 1.7 3.7 2.0GOE U --. S 22.5

Total 87.6 94.7 182.3 100.0

1/ Of which US$9.0 million will be taxes and duties.

-6

Page 1 of 2

ARAB REPUBLIC f EGYPT

IcB LCB Others-A/ Other bk TotalCofinanliers

------ US$ million A/'------------------

A. Civil Works 89.4 2.3 36.7 128.4(62.6) (1.7) (64.3)

S. Vehicles. Equipmentand Materials 12.0 1.6 2.1 6.6 22.3

(12.0) (1.6) (2.1) (15.7)

C. Technlcal Assistance & Trg. 16.2 16.2

D. Miscellaneous 15.4 15.4

Total 101.4 3.9 2.1 74.9 182.3(74.6) (3.3) (2.1) (80.0)

&i Direct contracting or LIB for equipment and materials.h/ To be financed by other cofinanciers under separate arrangements and GOB.S/ Figures in parenthesis amounts to be financed under the Bank Loan and IDA

Credit.

-7

Page:2 of 2

Category AMoun (millio USPercent of ExpenditureIBRD IDA Total to be Financed

I.Civil vc-rks. delivery system, 20.00 41.10 61.10 70 percent of totaltertiary development and project expenditurefacilities

2.Equipment, vehicles, spares 5.00 10.00 15.00 100 percent of fore ignand materials expenditures,

or 100 percent of localexpenditure (ex- factorycost) and 80 percent oflocal expenditures forother items procuredlocally

3.Tecbnical Assistance and -- 0.15 0.15 100 percentTraining

4AlUnallocated L.22 -.Lo .7Total 26.70 53.30 80.00

Es&Jtimtd Annua Disbursements

Bank Groun Fisical Year

FY6 FY7 FY98 FY9 FY00 FY01 FY02 FY03------ S$ Milliont Equivalent -------

Bank/IDA 2.5 5.5 9.0 15.0 15.0 -13.0 12.0 8.0Percent of Total 3.1 6.9 11.2 18.8 18.8 16.2 15.0 10.0Percent of Cumulative 3.1 10.0 21.2 40.0 58.8 75.0 90.0 100.0

8CHED c

"aRA E!UBIC OF RoYm-In GU In ]}EL2£M PROJECT

TINETAIII OF KIY PROWECT PROCESfiNG EMEM

(a) Tine Taken to Prepare . 7 months (October 1993 - April 1994)

(b) Prepared by : Government

(c) Appraisal Mission : October 1994

(d) Negotiations November 1994

(e) Planned Date of Effectiveness : June 1995

(f) List of Relevant ICRs and PPARs : PPAR on the Upper Egypt Drainage II Project(Loan 1285-ECT, Credit 637-EGT); and theNile Delta Drainage II Project (Loans 1439and 1440-EGT; Credit 719-ECT); First PumpingStations Rehabilitation Project (Loan 2270-EaT)

m :.t+rg'np

SCHEUM 0 Page 1 of 2

THE STAT OP BUs GROU OPERATIONS IN Ru

A. Statement of Bank Loans and IDA Credits- ~ . (AMo octobX .31. 1229i

naxt in US# milttn(toe cuwellatiom)

- -L or Fci ^ ISS - - - - i-;ie - -Closin-Credit Io. ver Borrow Kosn Bmv* IDA bred Date.......... .......... .. .. __....... ...... ........ .... .. ... .... . .... ......... .......

Credits

31 Credifts(s) cosed 962.08

C22760-EG 1991 EGlPT EIGENC SCIAL FU l10.00 113.23 /9C23130-Es 1992 EGVPT "UTiWaLn Ama0 75.00 75.21 12/31/99

C26020-ES 1992 ElopT TA PtIVATIZATUl 9.00 9.9 0630/92C24030-EG 191 a SCIIZSTO IASIS COlT 26.64 29.11 06/30/99C24760-ES 1993 EPT aSIC EWUTIOC PRO 55.50 59.73 12/31/2C2;04-E 1993 EYPT ATRMU RESRM NASM 22.00 23.00 12/31/01* ¢C25= 1994 EGmPT MGRIOLTURAL NODI 67.00 72.72 0/30/01

TOTAL d3er Credfts * 7 395.34 382.06

Loam

51 Lons(s) etclsd 2,329.01

1.2990-ES 189 aPT ALENORIA WER U 11 131/96L30?10-ES 19B9 EGamT maRULtUhE STOAA0 18.50 9.50 12/31/95131030-ES 1999 EGPT PWER IV 165.00 60.94 1V31/95131370-E 19909 EGYPT $mi ma 130W 30.50 28.22 0430196L31960E6 1990 ESGPT IRRIG./P lP 31.00 20.98 12/31/97L3X40-E t991 EGPT GAS IUVEStIWT POJE 84.00 36.21 12/31/9731170-aE 1992 EGYPT DATIAlL ORAIIUGE 45.00 45.00 1V31/9.34410-ES 1992 EGYPT MUEINAT PonR PRO41 213.00 13.3 06/30/99

* 0ES 19"9 sPT PVT SEC TOISI IIIF 130.00 130.00* 137190-ES 1994 EYPT AARtOILUAL NW I 54.00 54.00 06/30/01

TOTAL uuaer Lows 10 m.oo 56.22

TOTALm 3,100.01 1,337.42of Widt repafd 1,354.58 69.68

TOTAL held by Bak & MA 1,745.42 1,267.75Aunt sold 7.48

of which repid 7.48

TOrAL undidrad 965.3

Notes:.....................

* a yet effwtive" Not yet sined

Total AMrod, Rep ts, Oud ttwdfs bslte represet both tive wd inactiv Loas and Credits.(R) indicates foelly revise Closing OUte.(S) Wt4icates Scm/S= Loo ad Credts.

lbme Nt 4Rovd ad 8.* awiwnt are_ historical value, alt otther art mrket value.

lT. Signg, tffetfti, end Closing dte wr bhu the Lon DeparCt offficel, dat and Are not tdlenfrom the t.dk Esa*et fIte.

-10_-

Pq. 2 of 2

?hI STATUS O M MK ORtOUP PERATIONS IN KOYnpT

A. Statement of Bak Loar's And 1A Credlts(As of October 31. 19941

GROSS COMMTTENTSUSS MILLION

LOAN EQUITY TOTAL

- ' FISCAtOBLIGOR TYPE OF BUSINESS YEARt - - -- ------ ___

ABU SOMA DEVELOP REAL ESTATE & BUSINESS SERVICE t994 .00 1.00 t.00A,L BAROI MFG OF PULP PAPER 4 PAPERBOARD 9911 6.20 .00 6.20ALUM SULPHATE NON-FERROUS METAL BASIC INDUST *985 .00 .57 .57ARAB CERAMIC MFG OF STRUCTURAL CLAY PRODUCT 1976 4.80 .91 5.7t

1982 1.83 .28 2.11BECHTEL EGYPT REAL ESTATE & BUSINESS SERVICE 198? .00 .10 .10CARBON BLACK-EGT MFG OF RUBBER PRODUCTS NEC 1993 7.00 2.23 9.23CLUB RAS SOMA RESTAURANTS 6 HOTELS 1994 10.04 2.40 12.44CMRCL INTL BANK COMMERCIAL BANKS t993 .00 18.59 15.59DELTA SUGAR AGRICULTURAL & LIVE-STOCK PROD 1978 20.00 3.00 23.00

1983 .00 .50 .50EL DIKHEILA IRON 8 STEEL BASIC INDUSTRIES 1983 .00 7.20 7.20

t984 95.20 .00 95.201993 .00 .00 .00i994 20.00 6.84 26.84

ETIC SECURITIES HKT FINANCING INSTI 1992 .00 1.95 1.95HORUS SECURITIES MKT FINANCING INSTI 1993 .00 .01 .01INTL EGYPT INV SECURITIES MKT FINANCING INSTI 1993 .00 6.00 6.00ISMAILIA FISH AGRICULTURAL & LIVE-STOCK PROD 1980 1.93 .55 2.48

i982 .00 .50 .501983 2.03 .00 2.03

ISNAILIA POULTRY AGRICULTURAL & LIVE-STOCK PROD 1979 5.97 1.52 7.491982 .00 .77 .771983 6.10 .00 6.10

LUXOR HOTEL RESTAURANTS 8 HOTELS 1982 4.41 .72 5.131988 .00 .65 .65

NELEIHA OIL CRUDE PETROLEUM 8 NATURAL GAS 1986 .00 19.50 19.501987 .00 9.20 9.201992 .00 13.00 13.00

MFIC SECURITIES FIRMS 1985 t.60 .12 1.62MISR COMPRESSOR MFG OF ELECTRICAL INDUSTRIAL M 1982 13.84 3.00 16.84NILE CLOTHING MFG OF WEARING APPAREL ECPT FO 1978 .43 .16 .59PHOENIX CRUDE PETROLEUM & NATURAL GAS 1988 20.00 .00 20.00PIONEER EGYPT MFG OF VEGETABLE 8 ANIMAL OIL 1991 .00 1.15 1.15SERENA BEACH RESTAURANTS & HOTELS ,199 .00 1.20 1.20

1992 7.50 .00 7.50SUEZ CEMENT MFG OF CEMENT LIME & PLASTER t980 30.00 .00 30.00VICTORIA UNITED RESTAURANTS 8 HOTELS 1990 .00 .52 .52

1991 5.30 .00 5.30TOTAL GROSS COMMITMENTS 204.07 1O1.14 365.21

LESS CANCELLATIONS, TERMiNATIONS,EXCHANGE ADNJUSTHENTS, REPAYMENTSWRITEOFFS, AND SALES 205.40 20.00 225.40

TOTAL COMMITMENTS NOW HELO BY IFC 58.68 81.14 139.82

TOTAL UNDIS8URSED IFC 31.02 37.03 68.05

TOTAL OUTSTANDING IFC 27.06 44.11 71.77

IBD 26197

. 0 t M e d; 1 e r r a n .e a n: . 5 e a 0 ARAB REPUJBUC OF EGYPT

IRRIGATION IMPROVEMENT PROJECT

PREola AREA OUNDARIES ~.MARSEl \ \dUd- MM CANAFS - ROADS

\- SECONDARY CANALS -Z-RAJOADS

- MAIN DRAINS 0 OTIE

SECONDARY DRAM NATI~~~ONAL CAPITAL

Maryul M~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ XSTNG RUMING STAMION

13 1,000 I?ddr ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~~~~~~~~* PROPOSE REUS PUMPN STAMMON

MOH\ST DRAINELSHARKI NO. 8

ELZ L,5H~~~~~~~~~~~~0ARI5 NO. 7

L ~~~~~~~~~~~~~~~~~~~~ELIMADr- ELso WASAT

SUB-PROJECT-30- mt

t ~ ~ ~ ~ a) X G.1f ofSu 5 t i | % lm\a

MAHMOUDIA SUB-PROJECT

o 5 1OKn.%

SRTMRUB 1994