The four-million-strong population of Jordan’s capital Amman will benefit from the expansion and rehabilitation of the Al-Shaer waste transfer station, currently the city’s only operational waste facility, thanks to the European Bank for Reconstruction and Development (EBRD) support.
The Bank is providing a financing package consisting of a loan of JOD 2.5 million (€3.2 million equivalent) and a grant of US$ 3.5 million from the EBRD Shareholder Special Fund for the expansion and rehabilitation of Al-Shaer. The expansion will increase Al-Shaer’s capacity to process waste from the current 0.85 million tonnes to a minimum of 1.5 million tonnes per year.
Moreover, the EBRD is providing a financing package consisting of a JOD 4.0 million loan and a US$ 11.4 million grant to the Greater Amman Municipality for the construction of a new stormwater drainage system inside the polluted Russaifa lagoon, a new underground water conveyance system and ancillary infrastructure including a water reservoir and a pedestrian bridge.
The stagnant lagoon, which is situated in an industrial and populated area, has been a hazard to the area’s residents for decades. Its overflowing water contains domestic sewage, and discharges from industrial activities, and rainwater among other sources. The decontaminated area is expected to be developed into a public park for neighbouring communities, thus contributing to a greener and more resilient city.
The EBRD has invested over €1.3 billion through 44 projects in Jordan since it began operations in the country in 2012. Facilitating non-sovereign financing and promoting direct and indirect financing of private enterprises, such as small and medium-sized businesses, are key priorities for the Bank’s work in Jordan.
Press Release – EBRD helps expand Amman’s waste transfer station and finances new equipment
Press Release – EBRD backs clean-up of contaminated lagoon in Jordan