The joint venture achieved financial close

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The joint venture achieved financial close. The €150 million investment will be partly covered by a €75 million grant from the US-backed Millennium Challenge Corporation, through a vehicle owned by the Jordanian government. The SPV also contributed a total of €15 million of equity. The remainder of the funding for the expansion was covered by a JOD100 million ($141 million) 20-year loan from a nine-bank local consortium, led by Arab Bank. The other banks involved were Jordan Kuwait Bank, Capital Bank, Société Générale de Banque - Jordanie, Investbank, Social Security Investment Fund, Bank of Jordan, Arab Jordan Investment Bank and Bank al Etihad
List of the country updates

Country updates

  • June 07, 2012

    The Jordan Ministry of Water and Irrigation (MWI) has awarded Degrémont, a SUEZ ENVIRONNEMENT subsidiary and Morganti, a 25-year Public Private Partnership contract to expand the As Samra wastewater treatment plant

  • May 15, 2007

    IFC successfully advised the government of Jordan on structuring and awarding a 25-year concession for the project

    IFC successfully advised the government of Jordan on structuring and awarding a 25-year concession for the project. The Airport International Group won the bid by offering a concession fee averaging more than 50 percent of revenues over the life of the concession

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