News

Israel: EIB signs €142 million finance deal for desalination plant

The European Investment Bank, the EU’s long-term financing institution, today announces the signing of a €142 million finance contract for the design and construction of a seawater desalination plant using reverse osmosis technology in Sorek, Israel.
 
The contract, signed with the company Sorek Desalination Ltd, will serve to substantially increase the availability of water resources in a water-scarce region through the construction of a plant with a production capacity of 150 million cubic metres per year.
 
A press release said the expansion of desalination technology would have a direct impact on people’s daily lives: the blending of desalinated water with fresh drinking water from the national water carrier system will improve the quality of water delivered to consumers by reducing hardness and concentrations of salts, nitrates and boron. It will ultimately result in markedly reduced water abstraction and thus the prevention of saline water intrusion into aquifers.
 
The financing of this project forms part of the EIB’s support for improving wastewater treatment facilities and drinking water supply in the regions. In Israel, in 2007 and 2009 the Bank supported the construction and extension of the Hadera desalination plant with loans totalling €130 million. In the Mediterranean region as a whole, it has devoted more than €1.05 billion to the water sector. FEMIP, the Bank’s financial arm in the Mediterranean, is also working to reduce pollution in the Mediterranean Sea under the Horizon 2020 initiative, in line with one of the six priorities of the Union for the Mediterranean. (ENPI Info Centre)
 
Read more
 
Press release
 
FEMIP website
 
Horizon 2020 website
 
ENPI Info Centre webpage – Israel
 
 

NEWS
Rehabilitation of soils from industrial pollution: Horizon 2020 addresses a Mediterranean urgency
The Mediterranean Environment Programme, funded under the EU Horizon 2020...
Mediterranean Climate Change Expert Group confirms commitment to step up joint efforts in addressing climate change
The Union for the Mediterranean Climate Change Expert Group (UfM CCEG) met...
UfM presents Gaza desalination facility project as priority at Cairo Conference
Representatives of the Union for the Mediterranean (UfM) presented the UfM...
FEATURES
Stopping water leakages
In an effort to optimize water consumption and to minimize leakages in the...
Turning olive oil waste into euros while protecting nature
It’s no secret that the Mediterranean region accounts for the...
Hotels are going green too
The European project Shmile 2 aims to spread eco-labels to tourist...
PUBLICATIONS
“How to develop a Sustainable Energy Action Plan in South Mediterranean Cities”
The European Commission has published a guidebook on ‘How to develop a...
Regional Cooperation in the EU Neighbourhood
  A brochure highlighting the key priorities of regional cooperation in...
Research and Innovation in support of the European Neighbourhood Policy
 The European Commission’s DG Research and Innovation has published...
LINKS