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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