Khaberni - The National Carrier project is implemented according to the build-operate-transfer (BOT) model, where its ownership will fully transfer to the government after 26 years from the start of operations, and it enjoys extensive financing from 29 donor agencies and international finance institutions, with total grants valued at approximately 663 million USD provided by the United States, the European Union, Germany, the Netherlands, the United Kingdom, France, Italy, Japan, and the Green Climate Fund.
The financing also includes a private sector contribution through Meridiam company, supported by several international financial institutions, including the World Bank Group, the European Investment Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank, the Private Sector Financing Corporation of the French Development Agency "Proparco," JAICA agency, the Green Climate Fund, the OPEC Fund for International Development, and others, valued at 2.9 billion USD.
The government contributes to the project financing with an amount of 722 million USD, which is the largest expenditure from the budget for any capital project ever, aimed at reducing the cost of cubic meter pricing of water during the implementation period, while a consortium of Jordanian commercial banks led by Housing Bank will contribute financing reaching 1.1 billion USD, with the participation of the Social Security Investment Fund in this financing.
The Social Security Investment Fund also participates as an equity partner in the project's capital alongside Meridiam, within a multi-party financing structure that supports the project's implementation.
On Tuesday, Prime Minister Jafar Hassan witnessed the signing of the final technical and legal agreement for the National Carrier project, paving the way for the financial closure in the upcoming July.
