AIIB invests $250M in water transport
The Asian Infrastructure Investment Bank has approved a financing of $250 million to support the National Water Carrier Project for desalination and water transfer from Aqaba to Amman. This project is one of the largest water projects in the region. Its aim is to improve water supply in the Jordanian capital and reduce reliance on traditional sources, thereby strengthening the country's water security. The project is expected to address water shortages and promote sustainable development, with the first phase to be implemented in the coming years.
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