WASHINGTON,September 30, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:
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IBRD Loan Amount:US$25 million
Terms:Maturity = 17 years; Grace = 7 years
Project Description:The purpose of the project is to assist the Government of Jordan in improving the operational, financial and environmental performance of its municipal solid waste system through: (i) environmentally upgrading and expanding the existing municipal solid waste landfill to meet Amman City’s disposal needs and generate electricity while mitigating green house gases; and (ii) improving the cost effectiveness of the existing municipal solid waste collection and transport systems and improve overall cost recovery.