Jordan has secured two international loans worth €315 million ($334.24 million) for water and climate protection projects, Jordan News Agency reported. 

The European Investment Bank (EIB) will provide the Jordanian government with a €200 million ($212.21 million) soft loan to finance the Amman-Aqaba Water Conveyance and Desalination Project (AAWDCP).

The loan will form part of the government's $352 million spending for the project, which will help transport 300 million cubic metres per year (m3/year) of desalinated water from Aqaba to Amman and other governorates.

The second agreement was signed between the Ministry of Water and Irrigation and Germany's KfW Development Bank for a €115 million ($122.02 million) loan to implement three packages of a climate protection project to rehabilitate the 65-kilometre northern part of King Abdullah Canal.

The project will pump some 10 million m3/year of water to 300,000 people and help reduce water loss and energy costs.

(Writing by P Deol; Editing by Anoop Menon)

(anoop.menon@lseg.com)