Govt okays US$32.6mn plan to subsidize basic services

Friday, January 21, 2011

Colombia's government has approved a program to subsidize potable water and sewerage services for residents affected by the heavy winter rains that have hit the country recently.

The program, which also includes electricity and gas services, will benefit 320,000 families a cost of 60bn pesos (US$32.6mn), according to the presidential website.

Residents in areas that are not currently receiving these services will not be charged.

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The program will also ensure that farmers in the affected area have climate risk insurance to avoid a repetition of the significant losses they have endured this winter.

The government will also implement a reforestation plan to help prevent heavy flooding in the future. Commercial reforestation projects will undergo an expedited approval process, according to the release.