ammonnews.net

Ammon News - The government is trying to find funding for a multi-billion-dollar project to build a water conveyor that will carry desalinated sea water from the Gulf of Aqaba to Amman and other governorates across the kingdom, Minister of Water and Irrigation Muhammad al-Najjar said Tuesday.

The minister told a symposium organized by the Association of Banks in Jordan that the search targets Jordanian investors and local banks, indicating that so far, $500 million has already been secured through grants and aid to finance the National Water Carrier Project, which is expected to cost $2.5 billion.

In this context, Najjar stressed the importance of Jordanian institutions and banks in financing national projects without resorting to external borrowing, stressing that the government will guarantee the financing.