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French soft loan to support water grid expansion
By Petra - Dec 31,2012 - Last updated at Dec 31,2012
AMMAN — The Ministry of Planning and International Cooperation on Monday signed a 45-million-euro soft loan from the French government. The loan will support the Jordan Water Company’s (Miyahuna) project for expanding the water grid to receive water from the ongoing Disi Water Conveyance Project.
The agreement was signed by Planning Minister Jafar Hassan and French Ambassador to Jordan Corinne Breuze.
Hassan thanked the French government for its continuous support of the Kingdom by providing loans, grants and technical assistance in vital sectors like water and energy.
He said the Jordanian government would pay back the loan over 15 years, with a grace period of six years and a fixed annual interest rate of 0.05 per cent.
The Jordan Water Company (Miyahuna) will start to rehabilitate the capital's water networks this year under a 17-million-euro project to reduce water loss and prepare the pipelines for the Disi Water Conveyance Project.
The Agence Française de Développement (AFD) on Wednesday awarded a 300,000-euro grant to the government in support of environmental performance in Jordan.
France will extend a 200-million-euro loan to Jordan "under special terms" to help the Kingdom implement the multimillion Disi Water Conveyance Project, a visiting senior French official announced.
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