Chadbourne & Parke represents As-Samra sponsors
Jordan wastewater plant expansion valued at $225m
Law firm Chadbourne & Parke has represented Suez Environnement, Infilco Degremont and the Morganti Group on all aspects of the US $225 million expansion of Jordan’s As-Samra Wastewater Treatment plant. The expansion reached financial close on July 18 of this year.
The project – which will see the plant capacity expanded by 97,800 cubic metres per day – is the first project to receive project financing from the Millennium Challenge Corporation. A commercial bank facility was provided by an Arab Bank-led syndicate of Jordanian banks, whilst the Government of Jordan will provide ‘progress payments’ upon the completion of certain project milestones.
Existing capacity at the site is near maximum hydraulic capacity, and it will soon be unable to handle the demands placed upon it. The expansion will be an important part of plans to meet the needs of a local population of over three million, as well as supporting agriculture in the Jordan River valley.
Project finance partner Richard Keenan, speaking on the deal, said, "We were delighted to have advised our clients, Suez, Degremont and Morganti on this project. This latest deal helps to reinforce Chadbourne’s strong track record of successfully closing power and water deals in Jordan and the Middle East. The plant’s expansion should also improve the health and quality of life of millions of people in Jordan.”
Chadbourne has extensive experience of power and water projects in the region, having previously advised on the Qurayyah IPP in Saudi Arabia, Abu Dhabi’s Shuweihat 2, and Oman’s Barka 3 and Sohar 2 IPP.