Industrial pollution abatement

The main goal of EPAP is to enhance the livelihoods of the Egyptian population by reducing harmful pollution, and to protect the environment by setting up a framework to encourage cleaner industrial production across Egypt. EPAP is being implemented by the Egyptian Ministry of Environment via the Egyptian Environmental Affairs Agency.The APEX bank, the National Bank of Egypt, will ensure the proper management of program funds for investment in sub-projects. The latest phase, EPAP3, has three main components:An investment facility (bank credit line) up to EUR 120 million aiming at financing pollution abatement projects in public and private enterprises in Egypt.A grant facility worth up to EUR 20 million to be used to soften the terms of the loan, creating incentive for investment.A EUR 6 million Technical Assistance (TA) program to strengthen the capacities of EEAA, participating banks and final beneficiaries.