South Korea last week signed a $29 million USD funding agreement with the Jordanian government for a wastewater treatment plant project in Amman.
The agreement was signed by Jordanian Minister of Planning and International Cooperation Ibrahim Saif and South Korean Ambassador to Jordan Shin Hyun-suk.
The funds will come through the Export-Import Bank of Korea, according to Jordanian officials.
They will be used to complete the first phase of the treatment plant in the southern part of the capital city. The South Korean government will also finance part of the second phase of the plant.
The project involves construction of a 52,000 cubic meter per day capacity wastewater treatment plant and a pipeline. The Jordanian Water Authority will be responsible for carrying out the project.
“The project will improve sanitation facilities in south Amman. It will also protect groundwater resources from pollution,” said Saif.
“The South Korean government is committed to supporting development projects in Jordan,” Hyun-suk added.
South Korea has also implemented a telemetering system for water quality management in Jordan at a cost of $3.5 million USD.
The Jordanian government has been working to secure foreign loans to bridge its funding gap.
It will get $1.2 billion USD worth of loans from the Gulf Development Fund over the next five years, and is looking for another $5 billion USD in loans and grants from Gulf Cooperation Council (GCC) countries.
Earlier this year it received a $396 million USD European grant for water, sanitation and energy projects.
The European Investment Bank has also increased the amount of soft loans it is providing to Jordan this year to $503 million USD, up from $176 million USD.
A large portion of these loans will be used to improve basic water and sanitation infrastructure in various governorates.