RED SEA DEAD SEA WATER PPP PHASE 1 (EIB-20150559)

Countries
  • Jordan
Where the impacts of the investment may be experienced.
Specific Location
Aqaba (Jordan) and Eilat (Israel)
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
ACCEPTABLE CORPORATE(S),HASHEMITE KINGDOM OF JORDAN
The holder of the loan, grant, or other investment.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 280.85 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 260 million
Converted using 2017-01-31 exchange rate.
Project Cost (USD)
$ 1,108.29 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 1026 million
Converted using 2017-01-31 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jul 11, 2018

Disclosed by Bank Feb 23, 2018


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Project Description

The project consists of the construction and operation of:

  1. a desalination plant in the Gulf of Aqaba producing 65 million cubic meters (MCM)/year of desalinated water for Aqaba, Jordan and Eilat, Israel;
  2. 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
  3. hydropower plants on the brine and seawater pipeline.

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.

Investment Description
  • European Investment Bank (EIB)
Private Actors
Contact Information

*Contact information not provided at the time of disclosure*

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