Water resources management in modern Egypt water management in Egypt begins with the construction of the Old Aswan Dam in 1902 and barrages on the Nile in the 19th and early 20th century. The Old Aswan Dam partially stored the waters of the Nile to allow the growing of multiple crops per year in the Nile Delta, while the barrages raised the water level of the Nile so that water could be diverted into large irrigation channels running in parallel to the river. The water regime of the river was changed fundamentally in 1970 when the Aswan High Dam was completed, eliminating the annual Nile flood.
Aswan Dam exchange rate in 1970 of $2.30 per E£1): £140 million from agricultural production, £100 million from hydroelectric generation, £10 million from flood protection, and £5 million from improved navigation. At the time of its construction, total cost, including unspecified "subsidiary projects" and the extension of electric power lines, amounted to £450 million. Not taking into account the negative environmental and social effects of the dam, its costs are thus estimated to have been recovered within only two years. One observer notes: "The impacts of the Aswan High Dam (...) have been overwhelmingly positive. Although the Dam has contributed to some