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5 July 2005



Study Launched To Save The Dead Sea

News Release No:2005/559/MNA

Contacts:
In Paris:
Rachel Winter Jones +.33.1.40.69.30.52
Rjones1@worldbank.org
Steven Jouy +.33.1.40.69.30.22
sjouy@worldbank.org

PARIS, July 5, 2005 ---- High level delegations from Jordan, Israel and the Palestinian Authority met today with donor representatives from Europe, Japan and the United States.   The meeting, hosted by the World Bank, launched a process of resource mobilization for a Feasibility Study and Environmental and Social Assessment for the Red Sea – Dead Sea Water Conveyance Study.

This Study will investigate the feasibility of transferring water from the Red Sea to the Dead Sea in order to address the declining level of the Dead Sea, which is currently falling at a rate of approximately one meter per year.

Over the past three years, Jordanian, Israeli and Palestinian specialists have worked together to prepare and finalize the Terms of Reference for the Study.  All three delegations stressed the importance of this partnership to address an environmental and water resource challenge of global interest and significance.

The Study itself is expected to take approximately two years to complete at an estimated cost of $15.5 million. The World Bank will establish and administer a multi-donor Trust Fund to complete the Study.

For more information on the proposed Study, including a recent presentation given at the World Economic Forum in May 2005, go to:

WEF session summary:
http://www.weforum.org/site/homepublic.nsf/Content/_S14730
Webcast
:
http://gaia.world-television.com/wef/worldeconomicforum_jordan2005/_S14730.asp


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