Jordan Appoints IFC to Rail Work

The Jordanian government has appointed the International Finance Corporation (IFC), the private sector arm of the World Bank, as a lead transaction consultant to help attract investors to implement the Amman-Zarqa Light Railway Project. Under the deal, the IFC will review, assess and update the economic, technical, legal and environmental studies that were conducted previously for the project. The project involves putting into service a commuter train running on a 26-kilometre dual-track railway from the city of Zarqa to the Raghadan Station in the kingdom’s capital, Amman, on a build-operate-transfer basis for a period of 30 years. It is not yet known whether geosynthetics will be part of the construction process.