Petra | Dec 31, 2012 | 22:01

AMMAN — The Ministry of Planning and International Cooperation on Monday signed a 45-million-euro soft loan from the French government. The loan will support the Jordan Water Company’s (Miyahuna) project for expanding the water grid to receive water from the ongoing Disi Water Conveyance Project.

The agreement was signed by Planning Minister Jafar Hassan and French Ambassador to Jordan Corinne Breuze.

Hassan thanked the French government for its continuous support of the Kingdom by providing loans, grants and technical assistance in vital sectors like water and energy.

He said the Jordanian government would pay back the loan over 15 years, with a grace period of six years and a fixed annual interest rate of 0.05 per cent.