Panama: $ 100 Million for Water and Sanitation
The CAF loan is aimed at improving health conditions and support economic and urban development in the province of Panama.
Wednesday, December 1, 2010
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.
Investments will target cities in central and western provinces, along with low-income suburban communities near Panama City.
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.
In areas of Panama City and San Francisco, Betania, Bella Vista and Parque Lefevre, several building projects are being held back because of lack of sewerage capacity.
The World Bank Group Board of Directors approved today a US$40 million loan for Panama in support of the Metro Water and Sanitation Improvement Project.
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