Sorek Desalination Plant

Our firm represents the lenders' financing of a 100,000,000 m3/annum seawater desalination facility in Ashdod, which includes a multi currency senior facility with Euro financing being provided by the European Investment Bank.

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Our firm represents the lenders’ financing of a 100,000,000 m3/annum seawater desalination facility in Ashdod, Israel. The financing includes a multi currency senior facility with Euro financing being provided to the euro senior lenders by the European Investment Bank. This was the first transaction in Israel in which such a structure was introduced. The facility is scheduled to become fully operational during the year 2015 upon which it will make a significant contribution to the stability of the water distribution network in Israel.  
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