EIB offers additional grant to provide consulting services to support Jordan's water resources

The Minister of Planning and International Cooperation, Dr. Wissam Rabadi, signed with the European Investment Bank (EIB) an additional grant agreement in the form of technical assistance with a value of up to €2 million from the bank’s economic resilience initiative.

In a press statement on Thursday, the ministry said this grant comes with the aim of providing advisory services for the water resources support project in the Jordan Valley.

Signed by the Minister of Water and Irrigation, Raed Abu Al-Saud, the the grant aims to support water resources in the Jordan Valley within the framework of a broader program to adapt to climate change in Jordan.

Once studies are completed, the agreement will help provide easy financing for Jordan, as the feasibility project becomes clear for German Reconstruction Bank, European Investment Bank and the European Union, he pointed out.

The minister appreciated the support provided by the EIB as a development partner for Jordan.

On the EIB's assistance to Jordan, he said the bank has worked in the past years to provide concessional financing through loans and technical and investment grants to Jordan to fund projects in key sectors such as industry, mining, energy, electricity, education, water, sanitation, transportation, and private sector development and infrastructure.

The minister also cited a number of feasibility studies in the areas of energy, water and transportation as areas of the EIB's assistance to the Kingdom.

To address the pandemic, the minister indicated the bank’s interest in increasing its funding to Jordan to provide assistance in light of the requirements of the current conditions resulting from the Covid-19 outbreak.
21 May 2020