EIB to finance desalination plant in Israel

EIB to finance desalination plant in Israel


The European Investment Bank (EIB) has announced the signing of a €120 million finance contract relating to the design and construction of a seawater desalination plant using reverse osmosis technology in Ashdod, Israel.

The contract has been signed with Bank Hapoalim, which will on-lend the funds to Ashdod Desalination Ltd, a fully owned subsidiary of Mekorot Development and Enterprise Ltd. The project will serve to substantially increase the availability of water resources in a wat...


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