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Arab Fund finances al-Wahda dam
Jordan-Syria, Economics, 3/9/2000
The board of the Arab Fund for Economic and Social Development has agreed to finance al-Wahda dam at a cost of 35 million Kuwaiti dinars (82 million Jordanian dinars).
The Jordanian daily al-Rai al-Am said an agreement was signed between the Jordanian government and the Islamic Development Bank according to which the bank provided a loan of US $47 million to finance the establishment of al-Wahda dam.
It is, however, expected that the Abu Dhabi-based fund will provide US $10 million to contribute to financing the project while the remaining sum will be provided by the Jordanian treasury.
Previous Stories:
Jordan and the al-Wahda dam
(2/21/2000)
A loan for Jordan to build al-Yarmouk dam
(12/31/1999)
Jordan, Syria sign dam agreement
(7/19/1999)
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