Jordan secures $112m loan to rehabilitate King Abdullah Canal ...Saudi Arabia

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Jordan secures $112m loan to rehabilitate King Abdullah Canal
Mon, 2022-12-19 18:09 AMMAN: Jordan’s King Abdullah Canal will be rehabilitated through a €115 million ($112 million) loan from Germany’s KfW Development Bank, Jordan News Agency reported. The agreement was signed on Monday by Jordanian Water and Irrigation Minister Mohammad Najjar and KfW Amman Office Director Mark Schwiete. The loan will fund three sections of a climate protection project in the canal’s northern 65 km stretch. It will pump some 10 million cubic meters of water annually to 300,000 people while reducing water loss and energy costs.Main category: Middle-East

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