Release date: 1 February 2007
Promoter – Financial Intermediary
Construction and operation of the project has been awarded by the State of Israel to a consortium of IDE Technologies Ltd. and Housing and Construction Holding Co. Ltd.Location
Description
Construction of a reverse osmosis seawater desalination plant with a production capacity of 100 million m3/year in through a BOT contract.
Objectives
Increase in Israel's supply of drinking water.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 125 million.
Total cost (Approximate amount)
EUR 269 million.
Environmental aspects
EU legislation is not applicable to the State of Israel. If it was, the project would fall under Annex I of EIA directive 97/11/EC requiring a full EIA. An EIA has been prepared for the project under Israeli law and complies with the standards of EU legislation.
Procurement
The project has been competitively tendered through an open, international tender procedure.
Status
Signed - 11/11/2007
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).