LE 15mn to Finance Land Reclamation Companies

Prime Minister Kamal al-Ganzouri asked the Finance Ministry to provide some LE 15 million to the reconstruction and development authority within the upcoming two months. The remark was made by Agriculture and Land Reclamation Minister Mohamed Reda Ismail following his meeting with Ganzouri on April, 25 2012.

Ganzouri further said that this amount of money will be given to the authority as a loan and not as part of the budget, Ismail said. Ismail also quoted Ganzouri as saying that the decision came after the annexation of six companies for land reclamation to the Agriculture Ministry.