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020318_Hurghada SECAP_FINAL

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- 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<br />

(AFSED),<br />

- Abu Dhabi Fund for Development (ADFD),<br />

- Arab Fund for Economic & Social Development<br />

(AFESD),<br />

- International Fund for Agricultural Development<br />

(IFAD),<br />

- Khalifa Fund For Enterprise Development (KFED),<br />

- Kuwait Fund for Arab Economic Development<br />

(KFAED),<br />

- Middle East and North Africa Transition Fund<br />

(MENATF), and<br />

- Saudi Fund for Development (SFD).<br />

Public-Private-Partnerships (available or to raise)<br />

Loans and potential borrower<br />

Lined up private investments<br />

Expected annual cost savings to City budget<br />

10. Projected Energy Estimates in 2030<br />

This project will not generate any energy reduction and the impact on CO2 balance will<br />

be very marginal.<br />

Carbon storage from tree planting along the south road could only be accounted as<br />

carbon storage after 7 years according to GHG Protocol, which is the worldwide reference<br />

on the subject. In the very arid environment of <strong>Hurghada</strong>, trees will grow very slowly and<br />

will only gain a pretty small size and height over time representing a very small amount<br />

of carbon stored. Having no guarantee regarding the proper maintenance of the green<br />

areas created by the project, it would be irresponsible to propose any figure regarding<br />

CO2 storage over time as a result of the development of green areas in and around the<br />

city.<br />

Again the benefit of the project is not measurable, neither in energy consumption nor in<br />

GHG emission.<br />

This impact will be real on comfort in public spaces and their users, air quality<br />

improvement and positive appreciation from tourists visiting the city, all of these having<br />

an economic value on the long term.<br />

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