$42 Million for Cleaning Up the Bay

Once the credit is approved by the Panamanian Congress, phase II and III of the project would start, generating 3.000 jobs.

Monday, July 27, 2009

The extraordinary $42 million loan, given to the Health Ministry for cleaning up the Panama Bay will go to the National Economic Council for consultation. It will be funded by the $167 million credit given to the State by the Japan Bank of International Cooperation (JBIC).

"Such financing includes the second and third phase of the Panama Bay cleaning project", published Pa-digital.com.pa. "Economy vice minister Frank de Lima said that for the construction of the second and third phase of the project, an exhaustive revision will be done, to avoid extra costs."

More on this topic

Panama: $150 million More for Sanitation Works

November 2016

With the approval of a $150 million IDB loan the financing for Phase I of the sanitation project of the bay in Arraiján and La Chorrera in Panama West now amounts to $553 million.

The Inter-American Development Bank has approved a $150 million loan for the Panama Sanitation Program (PSP) to carry out the first phase of the Sanitation Project in Arraiján and La Chorrera.

Panama: $110 million Loan for Sanitation Works

October 2015

It has been announced that using a loan from the Development Bank of Latin America a second waste water treatment module in the Bay of Panama will be financed.

The National Economic Council (CENA) gave its approval to formalize the loan with the Development Bank of Latin America (CAF) to finance part of the plan to clean up the Bay of Panama.

Nicaragua: $48 million for Sanitation Works

December 2014

The IADB has approved a grant for funding of sanitation and drinking water works in the city of Bilwi, Puerto Cabezas.

From a statement issued by the Inter-American Development Bank (IDB):

Nicaragua will improve water and sanitation with help from the Government of Spain, European Union and the IDB.

IDB Loans $110 Million for Panamanian Infrastructure

February 2010

The credit line by the Inter-American Development Bank will be used for rural infrastructure and aqueducts.

$70 million have been earmarked for widening the highway Divisa – Las Tablas, rural roads and upkeep.

“$40 million will be used to strengthen the National Aqueduct and Sewers Institute, expand drinkable water coverage and improving sewers”, reported Prensa.com.

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