According to bank provided information, the investment involves the provision of a sovereign loan of up to EUR 15 million to the Hashemite Kingdom of Jordan to finance the construction of a new wastewater treatment plant (WWTP) in West Irbid. The loan is envisaged to be co-financed by i) an investment grant of EUR 8 million from the UK's High Impact Partnership for Climate Action (HIPCA) and ii) an investment grant of EUR 3 million from the EBRD's Shareholder Special Fund (SSF).
The new and modern WWTP is part of a system design improvement under the EBRD-funded West Irbid wastewater project, which is expected to reduce the energy and carbon footprint of the project (to be confirmed during due diligence), and reduce operational and maintenance costs. The WWTP will be located in West Irbid in an area (which is subject to environmental and social due diligence by the EBRD), with a lower altitude relative to the sewage networks which allows for wastewater to be conveyed by gravity instead of energy-intensive pumping stations. This will significantly enhance the sustainability of the wastewater system by rationalising the need for pumping stations, in addition to alleviating pressure on the existing WWTP in the area (Wadi Al-Arab) which is nearing capacity. The treated final effluent from the new WWTP will be re-used downstream with the potential for the by-product (wastewater sludge) to be also utilised (subject to its technical and economic feasibility).
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