Release date: 3 April 2020
Promoter – Financial Intermediary
STATE OF ISRAEL - MINISTRY OF FINANCELocation
Description
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.
Objectives
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.
Sector(s)
- 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
Environmental aspects
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.
Procurement
The promoter has to ensure that implementation of the project will be done in accordance with the EIB's Guide to Procurement.
Status
Signed - 15/06/2020
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).