Dominican Republic: $97 Million for Water and Sanitation

The Latin American Development Bank approved a loan to finance the "Santo Domingo Oriental Aqueduct Expansion Project", aimed at expanding and optimizing the Santo Domingo Norte and Santo Domingo Este aqueduct systems.

Wednesday, December 4, 2019

The funds will also be used for the preparation of studies for plans and programs in technical, operational, commercial and business aspects, informed the financial institution.

You may be interested in "Water and Sanitation: $290 Million in Investments"

From the CAF statement:

December 3, 2019. The funds will improve the quality of drinking water service and living conditions for approximately 850,000 inhabitants in the urban area of the municipalities of Santo Domingo Norte and Santo Domingo Este.

CAF, a Latin American development bank, approved a USD 97 million loan to the Dominican Republic to partially finance the Santo Domingo Oriental Aqueduct Expansion Project to expand and optimize the Santo Domingo Norte and Santo Domingo Este aqueduct systems.

In addition, the funds include studies for technical, operational, commercial, and business plans and programs to strengthen the management of the Santo Domingo Aqueduct and Sewerage Corporation (Corporación de Acueducto y Alcantarillado de Santo Domingo).

"These investments will increase the capacity of the system and strengthen the management of the operating company, which will translate into a more reliable, efficient and inclusive aqueduct system and a better quality of life for the inhabitants of Santo Domingo," said Luis Carranza, executive president of CAF.

During the last five years (2014-2018) CAF's approvals for the Dominican Republic reached US$296 million, which means an annual average of US$59 million. Of these amounts, 59% corresponds to sovereign risk. At the end of 2018, CAF's portfolio in the Dominican Republic reached USD 207 million.



More on this topic

Panama: $200 Million for Water and Sewerage

December 2018

The Latin American Development Bank approved a loan to finance projects to improve the drinking water distribution system in the country's metropolitan area and other provinces.

The Board of Directors of the Latin American Development Bank (CAF) approved a USD 200 million loan to the Republic of Panama to support the National Investment Program for the Water and Sewerage Sector (PRONAISA).

Panama: Another $125 million for Sanitation Works

December 2017

The Development Bank of Latin America has confirmed another loan to finance the design and construction of the wastewater system in Arraiján and La Chorrera, in West Panama.

The funds will be executed by the Ministry of Health (MINSA) through the Coordination Unit of the Panama Sanitation Program (UCP). This is the seventh approval of a credit operation of the CAF to support the execution of the Panama Sanitation Program, which with this new disbursement reaches a total financing amount of USD 628 million. The resources of this operation will be used for the design and construction of networks and sewage collectors, as well as domiciliary and intra-domiciliary connections that allow houses to be incorporated into the sanitation system.

Panama: $95 million for Sanitation Works

July 2016

With funding from the Development Bank of Latin America a wastewater treatment system will be built in the communities of Burunga and Arraijan Cabecera.

From a statement issued by the Ministry of Economy and Finance:

The Board of the Development Bank of Latin America (CAF) has approved a loan to the Republic of Panama for 95 million dollars for the construction, operation and maintenance of integrated collectors, sewage networks and pumping stations for a wastewater treatment system in the communities of Burunga and Arraiján Cabecera.

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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