Release date: 23 February 2018
Promoter – Financial Intermediary
HASHEMITE KINGDOM OF JORDAN,ACCEPTABLE CORPORATE(S)Location
Description
The project consists of the construction and operation of: (i) a desalination plant in the Gulf of Aqaba producing 65 million cubic meters (MCM)/year of desalinated water for Aqaba, Jordan and Eilat, Israel; (ii) a brine and seawater pipeline linking the Red Sea with the Dead Sea discharging 235 MCM/year of brine and seawater to the Dead Sea; and (iii) hydropower plants on the brine and seawater pipeline.
Objectives
The objective of the project is to have an improved water supply in the Aqaba (Jordan) and Eilat (Israel) regions by 2021 and at the same time to slow down the decline of the Dead Sea.
Sector(s)
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
Under ELM Guarantee
This operation is covered by the ELM Guarantee.
Proposed EIB finance (Approximate amount)
EUR 260 million
Total cost (Approximate amount)
EUR 1026 million
Environmental aspects
An environmental and social impact assessment has already been carried out under the World Bank's supervision. The EIB is carrying out a full update of this Environmental and Social Impact Assessment through Technical Assistance (TA) to identify remaining gaps and ensure the ESIA and Environmental and Social Management Plans comply with EIB standards and safeguards.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 3/10/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).