News Column

Germany,Jordan : JORDAN inks loan agreement with GERMAN BANK

July 15, 2014

A 30 million loan agreement has been signed by the Ministry of Water and Irrigation and the German Development Bank (KfW).

The loan agreement aims at funding water projects under the water resources management programme. The third phase of the programme involves improvements to water supply and sanitation, comprising expansion of al Karak purification station to almost double its capacity to 5,500 million cubic metres cm.

The project also includes rehabilitation of farmers in the Northern Jordan Valley and the development of agricultural societies for irrigation purposes.

The agreement has been signed by Minister of Water and Irrigation, Hazem Nasser and KfW deputy director, Sawsan Aruri. Hazem Nasser stated that the water sector management was seeking international support and investments to execute new water and sanitation projects, in a manner to raise their efficiency in the north of the Kingdom.

According to him, the ministry would construct new networks to deliver water for agriculture in the northern Jordan Valley region and to minimize lost water.

Nasser commented that the new projects, under a medium-term plan, included construction of a line from Zaatari, part of the Disi water conveyance project, to carry 10-million cubic metres of water to northern governorates.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters