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January 23 2022 8:27 PM ˚
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EU unveils 2.5 billion euro grant to Jordan

1. Razan European Commissioner
Minister of Planning and International Cooperation Nasser Al-Shraideh (right) and European Commissioner for Neighbourhood and Enlargement Olivér Várhelyi at a press conference on November 30, 2021. (Photo: Petra)
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AMMAN — The Ministry of Planning and International Cooperation announced on Tuesday the EU’s intent to provide Jordan with a grant valued at 2.5 billion euros as part of a 2021–2027 Partnership Priorities Agreement.اضافة اعلان

The grant was announced during a joint press briefing by the Minister of Planning and International Cooperation Nasser Al-Shraideh and European Commissioner for Neighbourhood and Enlargement Olivér Várhelyi.

Shraideh said the grants will support projects in the water, energy, transport, and infrastructure services sectors, and will serve as stimulants for investment in mega projects in partnership between the public and private sectors.

Under the grant agreement, Jordan will implement two projects in the first stage: the rehabilitation of the King Hussein Bridge, and the desalination of 300 million cubic meters of Red Sea water, to be piped from Aqaba to Amman.

Rehabilitating the King Hussein Bridge is necessary because the present passenger terminals are in dire need of renovation to facilitate movement between Jordan and the West Bank, in addition to serving trade exchange between the two countries,” Shraideh told Jordan News.

Várhelyi, for his part, said the EU will provide Jordan with no less than 164 million euros during 2021–2024 annually, in addition to some 80 million euros to support Jordan’s response plan for Syria, pledging the EU’s continued assistance to the Kingdom in its efforts to host Syrian refugees.

The EU, said Várhelyi, will promote European investments in the Kingdom through various available tools, including mixed concessional financing of grants, soft loans, loan guarantees, private sector participation, in addition to supporting and assisting Jordan in the implementation of major strategic projects.

Shraideh expressed Jordan’s appreciation and gratitude to the EU for its financial and technical support to the Kingdom’s reform and developmental programs.

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