Eldib & Co had the privilege of being the sole Legal Expert for the VIC-MED project “Establishment of a Navigational Line between Lake Victoria and the Mediterranean Sea”, throughout its pre-feasibility study phase.
The VIC-MED project’s principal objective is to develop a sustainable transport link between the Nile Basin countries, namely Burundi, Democratic Republic of Congo, Kenya, Rwanda, Tanzania, Uganda, South Sudan, Sudan and Egypt; which will accordingly;
a) Promote economic integration among the Nile Basin countries through trade movements, and cheaper and cleaner transport means for goods and people,
b) Ultimately build a development corridor on the Nile River,
c) Serve the Nile Basin countries that have no access to the seas and oceans,
d) Reduce poverty among the Nile Basin countries.
Eldib & Co has successfully prepared the Legal Framework for the Project, at this phase, which was presented and approved by the Project’s foot-print countries and management unit during the Fourth Steering Committee Meeting which was held in Egypt on the 16th and 17th of October, 2018 during Egypt’s First Cairo Water Week (CWW) which kicked off on Sunday 14th of October, 2018 under the auspices of President Sisi, aiming to increase the public awareness of water rationalization for the sustainable development amid state of water.
We are extremely grateful to be part of such a historic and strategically significant milestone for the region.