A proposed USD3bn deal between Egypt and a Chinese state construction company (CSCEC) to build government facilities at a planned new administrative capital has fallen through over price disagreements, Egypt's Ministry of Housing said on Wednesday. "No agreement that satisfies both parties in terms of price per square metre was reached. The company has received lower prices from Egyptian contractors," said Ayman Ismail, Chairman of the company developing the new city, which is joint owned by the Housing Ministry and the military's Engineering Authority. Egyptian contractors will now take over building the government facilities, Ismail said. (Reuters)