RED SEA DEAD SEA WATER PPP PHASE 1

Promoteur – Intermédiaire Financier

HASHEMITE KINGDOM OF JORDAN,ACCEPTABLE CORPORATE(S)

Lieu

• Jordanie

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.

Objectifs

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.

Secteur(s)

• Eau, assainissement - Production et distribution d'eau; assainissement, gestion des déchets et dépollution

Garantie au titre du MPE

This operation is covered by the ELM Guarantee.

Montant BEI envisagé (montant approximatif)

EUR 260 million

Coût total (montant approximatif)

EUR 1026 million

Aspects environnementaux

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.

Passation des marchés

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.

Statut

Signé - 3/10/2018