Release date: 3 April 2020
Promoter – Financial Intermediary
STATE OF ISRAEL - MINISTRY OF FINANCE
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.
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.
- 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
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.
The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.
Signed - 15/06/2020
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).