Argentinean water projects receive US$ 200 million in financing
By Richard High11 November 2008
The Inter-American Development Bank (IDB) has approved a US$ 200 million loan to expand potable water and sanitation services in the Buenos Aires metropolitan area and suburbs.
This project is part of a wider expansion program that is looking to add 1.5 million users to the water service and 1.4 million to the sewer system between now and 2011.
The expansion of potable water and sanitation services includes the construction of a collector sewer with corresponding pumping stations in the municipality of Tigre, which will enable the system to serve an additional 220000 residents.
Also included is construction of sewage networks in the municipalities of Tres de Febrero, Hurlingham and Ituazingó, wich will service 108000 residents.
The project also includes a plant for a plan to reduce unaccounted-for water in order to minimize losses and make the best use of the distribution system, saving nearly 100000 m3 of water daily; and the reconditioning of the San Martín potable water plant, which supplies 4.8 million people.
This is the first loan within a US$ 720 million conditional credit line for investment projects (CCLIP) approved by the IDB's Board of Executive Directors.
The loan will be executed by Agua y Saneamientos Argentinos.