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280218_Luxor-Egypt SECAP Final_revised

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8. Cost estimates<br />

Technical support for designing the master plan<br />

Boat conversion fund (subsidies)<br />

- Cruise boat engine conversion 2,000,000 €<br />

- Led lamps 180,000 €<br />

- Solar PV 600,000 €<br />

- Small boats conversion 930,000 €<br />

Approximate annual cost saving<br />

- 30% gains from occupancy optimization 858,000 €<br />

- 10% due to Solar PV 286,000 €<br />

Return on Investment (draft calculation)<br />

30,000 €<br />

2,780,000 €<br />

1,144,000 €<br />

Not relevant at this stage for engine conversion<br />

as operating costs remain the same.<br />

9. Available and foreseen sources of funding to be developed<br />

Local authority's own resources:<br />

International Financial Institutions 62 :<br />

- The World Bank (WB),<br />

- United Nations Development Program (UNDP),<br />

- European Commission (EC),<br />

- European Investment Banks (EIB),<br />

- European Bank for Reconstruction Development a<br />

(EBRD),<br />

- French Development Agency (AFD),<br />

- United States Agency for International Development<br />

(USAID),<br />

- Kreditanstalt fur Wiederaufbau (kfW),<br />

- German Technical Cooperation (GIZ),<br />

- Japan International Cooperation Agency (JICA),<br />

- OPEC Fund for International Development (OFID),<br />

- Islamic Development Bank (IDB),<br />

- African Development Bank (ADB),<br />

- Arab Fund for Social & Economic Development (AFSED),<br />

National Funds and Programs<br />

EU Funds & Programs and other external funds<br />

62<br />

The Ministry of Investment and International Cooperation, MoIIC – Available at:<br />

http://www.miic.gov.eg/Front/Cooperation/DevPartnerList.aspx/ (Accessed on: 14.08.2017)<br />

145

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