A general view of Cairo. The government has already sold green bonds to fund clean transport projects. Image Credit: Omar Shariff/Gulf News

The Egyptian private sector plans to sell $120 million to $200 million in green bonds to fund eco-friendly projects, Planning Minister Hala Al Saeed said on her ministry’s Facebook page.

She did not specify a timescale for these issues, which will come on top of $750 million in green bonds the government has already sold to fund mainly clean transport projects.

The government is looking actively to fund a series of megaprojects announced over the last few years, including a $60 billion new administrative capital city, a $23 billion highs-peed rail network and a $25 billion nuclear power station.