The Disi-Amman water conveyance system is a project of vital importance to the Kingdom of Jordan. Population growth and increased demand per capita have led to an urgent requirement for additional ground water and the Disi Aquifer was identified as an alternative source.

A Build-Operate-Transfer (BOT) tender for the project was conducted in 2003 by the Ministry of Water and Irrigation. The project's total cost was estimated at US$ 750 million over a 45 month construction period and an expected peak capacity of 150 million cubic meters per annum.

In recognition of the national priority given to the project, Parsons, SBIG and ING Investment Bank developed a unique proposal ensuring the government an optimal capital structure while achieving significant tariff savings. The proposal involved the establishment of a quasi governmental entity acting as the project's owner and operator through a US$ 200 million special purpose vehicle. With Parsons underwriting the construction costs, ING saw a strong appetite in the capital markets to raise a debt issue to cover the remaining development costs of US$ 550 million at a very attractive price and tenure. SBIG was to effectively lead arrangement of the debt issue and the consequent development of the conveyer. The proposal achieved a direct mandate from the Jordanian Government but for reasons unrelated to SBIG, as different project was eventually pursued towards implementation.