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EBRD announces JD3.2m loan to support Jordan’s infrastructure
By JT - May 10,2017 - Last updated at May 10,2017
AMMAN — The European Bank for Reconstruction and Development (EBRD) announced a JD 3.2m loan to the Greater Amman Municipality (GAM) to finance the construction of the fifth cell at the Al Ghabawi landfill.
The loan is part of the uncommitted second tranche of a 50 million Euro loan to GAM approved in 2016 to finance improvements in solid waste management and infrastructure.
The 50 million Euro loan is expected to be co-financed by several donors including the United Kingdom Department for International Development, the EU, USAID and others.
The loan was announced as a continuation of the Bank’s support to Jordan as the ongoing influx of refugees from Syria continues to place a massive strain on the country’s resources.
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