President Abdel Fattah El Sisi issued Thursday a decree sanctioning an agreement between the Egyptian government, the European Investment Bank (EIB) and the European Union on a sanitary services project in Kafr el Sheikh.

Under the decree - published in the Gazette Thursday - the EIB will offer a 77-million-euro loan and the EU will pay a 15-million-euro grant for the project.

The deal was signed on May 15, 2015.