Ministry endangers Israel’s desal plans
- From: Vol 4, Issue 12 (December 2003)
- Category: General
- Region: Middle East
- Country: Israel
- Related Companies: Ashcogen, Baran Group, Elco Holdings, Granite Hacarmel Investments, Ionics, Oceana Marine Research, OCIF Investment & Development, SGS, Shemen Industries, Tahal Consulting Engineers, Tedagua and Yuvalim Desalination Group
The finance ministry doesn’t want to carry the cost of increasing the capacity of four proposed desalination plants by 50% but the banks may not finance the projects without the increase.
Israel’s Ministry of Finance has been blamed by the Minister of National Infrastructures and by the Water Commissioner of Israel for procrastination regarding the national desalination project. In a blunt criticism voiced by minister Joseph Paritzky at a meeting of the Knesset (parliament) economic committee, he attacked the Ministry of Finance’s recent decisions not to accept a proposal ...
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