AT LAST
- From: Vol 5, Issue 12 (December 2004)
- Category: Need to know
- Region: Middle East
- Country: Israel
- Related Companies: Bank Hapoalim, Granite Hacarmel Investments, Middle East Tube Co, Oceana Marine Research, OCIF Investment & Development and Tahal Consulting Engineers
The Via Maris consortium has finally closed the financing for its proposal to build a 82,000m<sup>3</sup>/d desalination plant at Palmahim, south of Tel Aviv.
Bank Hapoalim, Israel’s largest bank, has agreed to lend the project firm $80 million – 78% of the construction. The remaining 22% will be financed by the consortium, which comprises: Granite Hacarmel, Tahal Consulting Engineers, Ocif, Middle East Tubes and Oceana. The plant is expected to be commissioned in May 2007.
Via Maris won the tender based on its offer ...
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