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Source: World Bank
14 November 2000

World Bank, Palestinian Authority Sign Agreement to Finance
Solid Waste and Environmental Management Project

GAZA, November 14, 2000--The World Bank, represented by Joseph Saba, Country Director, West Bank & Gaza Office, and the Palestinian Authority, represented by Minister of Finance Mohammad Zuhdi Nashashibi, signed a credit agreement today to finance the Solid Waste and Environmental Management Project. The credit amount is US$9.5 million.

The project's objective is to finance interventions in solid waste collection, transfer, and disposal of waste for the Jenin Governorate. The project will also assist in institutional-building within the Ministry of Environmental Affairs.

The project is expected to benefit the 200,000 inhabitants in towns and villages of Jenin Governorate through better access to solid waste management services; through cleaner environment including reduction in air pollution currently being generated from random waste burning; and through prevention of leachate pollution thereby preserving the underground water aquifers for generations to come. The municipalities in the governorate will also benefit through capacity building interventions.

The overall project cost is US$14 million. The World Bank's credit of US$9.5 million is drawn from the Trust Fund for Gaza and the West Bank and is on standard IDA (International Development Association) terms with no interest, 40-year maturity, a 10-year grace period, and 0.75 percent service charge. The credit is accompanied by counterpart financing from the Palestinian Authority of US$1.25 million and through parallel funding of US$3.25 from the European Union on grant terms that will be used primarily for equipment acquisition.


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