A funding proposal for the long-delayed multi-Billion USD project for a canal linking the Red Sea and Dead Sea is set to come to a vote in Israel’s Cabinet soon.
Israel’s Hadashot TV news bulletin reported last week that progress between the governments of Jordan and Israel comes after recent secret talks in New York between regional cooperation and security officials from the two countries.
Jordan signed a memorandum of understanding (MoU) with Israel and the Palestinian Authority in December 2013 to implement the first phase of the Red-Dead project. Under the first phase, a total of 300 million cubic meters (mcm) of water would be pumped each year. Eventually, up to 2 billion cubic meters of seawater will be transferred from the Red Sea to the Dead Sea annually.
The project has subsequently been stalled repeatedly by regional political tensions and environmental concerns.
The new Hadashot report said the Israel cabinet would vote to approve $40 Million USD per year in funding toward the project over the next 25 years.
“The Red Sea-Dead Sea canal will enable Jordan to deal with its water troubles, allow us to work toward saving the Dead Sea from drying up and most importantly strengthen the peace between us and an Arab state that maintains a peace agreement with Israel,” Israel’s Regional Cooperation Minister Tzachi Hanegbi said in a statement to the Hadashot network.