After meeting with World Bank President, Robert Zoellick, Israel’s Deputy Prime Minister of Regional Development, Silvan Shalom, stated that the World Bank had agreed to fund the Red-Sea-Dead Sea Water Conveyance Program that involves Jordan, Palestine and Israel. However, Bank officials say that they have made no promises and that the project is still in the feasibility study phase.
The studies are slated to be completed in early 2011. According Lintner, the Bank has still not determined how much financial (or other) involvement it will have in the project’s future, but Lintner stated that by 2011, the three governments involved in the project will have decided what the Bank’s role will be if any, but that it is the governments’ decision to make. At this point the Bank’s only involvement is in the feasibility and the environmental impacts studies, which the governments of France, Greece, Italy, South Korea, Japan, Netherlands, Sweden and USA have jointly put in the allocated $16.2 million for.