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Jordan receives 1 billion dollars for water project
The U.S. Development Finance Corporation (DFC) announced its approval of a $1 billion loan for the National Water Carrier Project in Jordan, along with $800 million in political risk insurance. The project aims to design and operate a seawater desalination plant and water transmission systems, in addition to a power generation station. It primarily contributes to meeting 75% of Jordan's expected water deficit by 2040. Jordan faces an escalating water crisis due to declining rainfall, overextraction of water resources, and population growth. This project is among the largest water infrastructure endeavors in the kingdom and is expected to supply approximately 40% of drinking water needs, significantly increasing per capita water availability until 2040.
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