$120 Million for Cleaning Up the Bay of Panama

The Andean Development Corporation (CAF) approved a $120 million loan for the project to clean up the Bay of the City of Panama.

Friday, October 1, 2010

In the past decades, accelerated urban growth in Panama City has caused sewage problems and contamination in the bay of the city. The situation is being addressed through a clean-up project called "Proyecto de Saneamiento de la Ciudad y Bahía de Panamá", for which CAF has approved a $120 million loan.

The Health minister will supervise the project, which comprises building 135 kilometers of sewers, a sewage treatment plant, and other related works. It will require a total of $538 million, of which 22% is financed by CAF, 11% by the government and 67% through other financing sources.

More on this topic

Panama: $95 million for Sanitation

January 2017

Using a loan from the Andean Development Corporation a wastewater collection system and treatment plant will be built in the districts of Burunga and Arraijan Cabecera.

From a statement issued by the Ministry of Finance in Panama:

A bill regarding a $95 million loan agreement was approved by the National Economic Council (CENA) enabling the Ministry of Economy and Finance (MEF) to sign with the Andean Development Corporation (CAF) a loan for the construction of a sewage collection system and treatment plant in the districts of Burunga and Arraijan Cabecera.

$176 Million for Clean Up of Panama Bay

November 2012

The Development Bank of Latin America has announced an additional loan of $176 million, in favor of the project for the Clean Up of the City and Bay of Panama.

A press release from the Development Bank of Latin America (CAF) reads:

(Panama, November 8, 2012). The CAF development bank in Latin America, announced a new approval, for $176 million, in favor of the project for the clean up of the City and the Bay of Panama, led by the National Government, through the Ministry of Health and responds to rapid urban development of the city in recent decades, consequently resulting deficits in sewerage systems and pollution of the Bay of Panama.

Portfolio of Water and Sanitation Projects in Costa Rica

January 2012

The AyA has projects for which it is looking for funds, and is considering various forms of investment types, including concessions for public works, public - private partnerships, leasing and securitizations.

Costa Rica’s investment needs for water supply and sewerage systems amount to $1820 million, of which $599 million is for projects to be developed immediately, $371 for short-term projects, and $850 million for medium-and long-term ones .

Panama: $ 100 Million for Water and Sanitation

December 2010

The CAF loan is aimed at improving health conditions and support economic and urban development in the province of Panama.

With partial funding from CAF, amounting to $ 100 million, the Institute of Aqueducts and Sewers (IDAAN) will start implementing an investment program for the water sector and sanitation in the province of Panama.

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