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Jordan Signs Amman-Area Water Project Loan Agreement With France

Jan. 2 (Bloomberg) -- Jordan signed a 45 million-euro ($60 million) loan agreement with France to finance water projects including extending coverage in the Amman metropolitan area, the state-run Petra news agency reported.

Jordan will pay an annual interest rate of 0.05 percent for a loan to be repaid over 15 years with a 6-year grace period to finance projects in the capital for the Jordan Water Co., known as Miyahuna. Petra said Minister of Planning and International Cooperation Jafar Hassan signed the accord.

To contact the reporter on this story: Mohammad Tayseer in Amman, Jordan at mtayseer@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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