Jordan signs $575K green building project deal with IFC

(Photo: International Finance Corporation)
AMMAN — Minister of planning and international cooperation, Zeina Toukan, on behalf of the Jordanian government, signed a cooperation agreement with the International Finance Corporation (IFC) and the Greater Amman Municipality to implement the Green Buildings Project in Jordan. اضافة اعلان

The project aims to promote the concept of green buildings by focusing on developing and improving policies and regulatory frameworks for green buildings in Amman. It also seeks to increase community awareness and capacity-building in green building practices, with a focus on the Excellence in Design for Greater Efficiencies (EDGE) certification.

It will be funded with a total value of $575,000, including a $500,000 grant from the International Finance Corporation and an a contribution of $75,000 from the Greater Amman Municipality.

Yusuf Al-Shawarbeh, the Mayor of Amman, signed the agreement on behalf of the project's implementing entity, and Mokhtar Diop, the CEO of the International Finance Corporation, signed on behalf of the donor organization, the World Bank's investment arm.

preliminary meeting
During a preliminary meeting, priority projects within the Executive Program for the Economic Renaissance Vision were discussed, as well as possibilities for the International Finance Corporation's support. These projects include: water desalination, the National Water Carrier, infrastructure projects, water loss reduction projects, logistics services, and schools, as well as consulting services to improve the business environment and the importance of supporting and developing the Public-Private Partnership Unit at the Ministry of Investment.

The International Finance Corporation was thanked for its commitment to provide up to $400 million in investment financing for the National Water Carrier project, and it was emphasized that the institution should continue to mobilize additional financing in the form of grants for the project, in addition to exploring ways to secure additional funding from climate change funds.

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