JORDAN WATER SECTOR FRAMEWORK LOAN

Promoter – Financial Intermediary

MINISTRY OF WATER AND IRRIGATION - HASHEMITE KINGDOM OF JORDAN

Location

• Jordan

Description

The operation will finance the construction, upgrade and improvement of various water supply components in several governorates in Jordan in support of the Government's priority plans for a critical sector for the country (Jordan has one of the lowest levels of water availability per capita in the world).

Objectives

The project is a high priority for the Jordanian Government under the National Water Strategy 2016-2025, and is fully in line with EU-Jordan Partnership Priorities, especially the objectives of fostering Growth and Job Opportunities. The project is fully in line with EIB's objectives under the External Lending Mandate 2014-2020, specifically the development of social and economic infrastructure, as well as the EIB's Water Sector Lending Orientation adopted in December 2017.

Sector(s)

• Water, sewerage - Water supply; sewerage, waste management and remediation activities

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Proposed EIB finance (Approximate amount)

EUR 260 million

Total cost (Approximate amount)

EUR 350 million

Environmental aspects

The project will have a positive impact on public health and the environment. Inside the EU, the project components would be categorised under Annex II and therefore would be subject to environmental screening to define if an Environmental Impact Assessment (EIA) would be required according to the relevant competent authority. The environmental and social aspects of the project will be assessed during the appraisal to ensure adherence to its standards. Climate change aspects will also be examined during the appraisal.

Procurement

The promoter will have to ensure that implementation of the project will be done in accordance with EIB's Guide to Procurement.

Status

Signed - 26/11/2020