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    Reference: 20180645
    Release date: 3 April 2020

    Promoter – Financial Intermediary

    STATE OF ISRAEL - MINISTRY OF FINANCE

    Location

    Description

    The project concerns the design, construction and operation of a reverse osmosis sea-water desalination facility, with production capabilities of 200 million m3 per annum, under a public-private partnership (PPP) scheme, located in Sorek, Israel.

    Objectives

    The project is intended to ensure access to water and have a climate change adaptation and mitigation impact addressing persistent droughts and increased demand for water.

    Sector(s)

    • Water, sewerage - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    EUR 150 million

    Total cost (Approximate amount)

    EUR 430 million

    Environmental aspects

    A combined environmental impact assessment for the existing Sorek I and the proposed Sorek II desalination plants has already been carried out by the promoter. The EIB shall review it to ensure that it complies with the EIB's Environmental and Social standards and safeguards.

    Procurement

    The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.

    Status

    Signed - 15/06/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Israel Water, sewerage