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According to the AIIB, the objective of the Project is to increase the supply of drinking water throughout the Amman-Aqaba corridor in Jordan.
The Project involves the development, construction, and operation of (i) a seawater desalination plant, (ii) a 438 kilometer (km) underground water conveyance system, (iii) a 281 megawatt (MW) solar power plant, and (iv) associated infrastructure in Jordan. The Project will produce 300 million cubic meters (MCM) of drinking water per year, of which 250 MCM will be conveyed to Amman and 50 MCM to Aqaba.
As stated by the AIIB, the total Project cost will be funded by equity (15%) and debt (85%), of which the proposed AIIB loan is up to USD250 million. The Sponsors and other financial institutions, such as the Development Finance Corporation, the European Bank for Reconstruction and Development, the European Investment Bank, International Finance Corporation, and Proparco, will fund the remaining Project cost.
As stated by the AIIB, the Sponsors of the Project are Meridiam Sustainable Infrastructure Europe IV SLP (Meridiam) (90%) and Suez International S.A.S. (Suez) (10%) (the Sponsors).
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| Suez SA | Investor | Water and Sanitation | contracts with | Meridiam SAS | Client | Infrastructure |
AIIB Team Leader:
Fanbing Lu - Investment Officer
Email: fanbing.lu@aiib.org
Client - Meridiam SAS:
Omar Khader - Director
Email: AAWDCP@meridiam.org
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html