Israel and Jordan presented the planned Red Sea-Dead Sea canal to potential investors at an international conference in Aqaba, Jordan on Monday.
Representatives of the United States and the World Bank were among the attendees.
The project calls for building a water desalinization plant and a pipeline to bring desalinized water from the Red Sea to the Arava and Jordan. Excess desalinized water will be channeled into the Dead Sea.
The total cost is estimated at $400 million.
Israel was represented by the Ministry for Regional Cooperation, headed by Deputy Minister Ayoub Kara, Director General Hashem Hussein and project head Maya Eldar, the Prime Minister’s Office stated.
At the conference, project representatives presented a tentative timetable and listed its benefits. These include stabilizing the dropping water level in the Dead Sea, providing a source of desalinized water for Israel’s Arava desert and for Jordan, and strengthening cooperation between Israel and Jordan.
The U.S. government has already stated that it will be contributing $100 million to fund the project.
A tender to fund the project was recently published. Some 94 major international corporations have paid a fee to receive the tender paperwork.
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