Cartagena allocates US$12mn for water and sanitation projects

- Wednesday, January 19, 2011

Cartagena allocates US$12mn for water and sanitation projects

Colombian city Cartagena de Indias' municipal government will invest more than 21bn pesos (US$11.6mn) in potable water and sanitation projects during 2011, a spokesperson told BNamericas.

The funds will support projects carried out by local water utility Aguas de Cartagena (Acuacar).

Work will involve expanding potable water and sewerage networks, as well as other development projects that have yet to be approved, according to the official.

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The funds are equivalent to 1.9% of the city's budget for this year. Improving the city's sanitation system is a major part of efforts to reduce poverty in the department, as more than 70% of Cartagena lives in extreme poverty, the official added.

Aguas de Cartagena is controlled by the municipal government, which owns a 50% share. Aguas de Barcelona (Agbar) has a 45.9% stake and the remaining 4.1% is owned by private investors.