JRSP Company is a private company established for the execution of the JRSP Project under authority granted by the constitutional authority of the GOJ cabinet, the Privatization Law that enables PPP frameworks, the Water Authority of Jordan (WAJ Law), the Development Areas Law No. 2 of 2008, the Aqaba Special Economic Zone Law, and the Jordan Valley Authority Law.
The JRSP Company will be the operating body through which the project will be executed, constructed, managed, maintained and operated. The JRSP Company’s mission and objectives will be defined in the JRSP Implementation Plan developed jointly by the JRSP MSC, the Master Program Manager and the Master Developer. The JRSP Company will be managed through operating agreements between the GOJ, the Master Developer, and the Master Program Manager. This organizational structure creates the opportunity for internationally based grants, multi-lateral government and private sector financing and private sector investment.
