Ministry looking for water carrier project financiers
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.
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.
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.
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Ministry looking for water carrier project financiers
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