Capital Finance International(Cfi.Co) has awarded a wastewater treatment plant in Egypt for being the largest of its kind in the worldwide with a daily capacity of one million cubic metres.
While honouring the project, Cfi.Co said that the Al Mahsamma Agricultural Drainage Recycling and Reuse Plant will support the natural ecology of Al Temsah Lake which has been impacted by wastewater disposal in previous years.
“Al Mahsamma plant will also contribute to regional development goals, irrigating 70,000 acres of land, creating sustainable urban communities and new job opportunities,” Cfi.Co said in a statement.
The USD100 million Metito’s wastewater treatment plant in Egypt has been developed under the supervision of the Armed Forces Engineering Authority by the JV Metito, Hassan Allam.
Metito is a multinational global provider of intelligent water management and alternative energy solutions while Hassan Allam Construction is Egypt’s leading engineering, construction and infrastructure company.
The JV scope of work for this flagship project includes the engineering, construction, operations (EC&O), commissioning and O&M for a period of five years.
The JV represents a powerful pairing, delivering a benchmark project which was inaugurated in Egypt in April 2020.
Al Mahsamma forms part of Egypt’s progressive and multi-pronged approach to ensuring the country’s water security through wastewater treatment, desalination, and the preservation of natural water resources, which resonates with a few of the UN’s Sustainable Development Goals including ‘Clean Water and Sanitation’ (SDG 6) and ‘Sustainable Cities and Communities’ (SDG 11).
This was yet another testament to the importance of this project and why the CFI.co judges, are presenting the Metito ,Hassan Allam JV (Al Mahsamma Agricultural Drainage Recycling and Reuse Plant) with the 2020 award Best Recycling and Reuse Water Project (Global).
CFI.co (Capital Finance International) is a print journal and online resource reporting on business, economics and finance. The company offers several other awards including Best Bank Sustainability Leadership Global,Best Wealth Management Services Europe 2020, among others.