Govt to invest US$82mn in water management projects

- Thursday, January 27, 2011

Govt to invest US$82mn in water management projects

Ecuador's government will invest over US$82mn in water management programs during 2011, an official from national planning and development authority Senplades' public investment division told BNamericas.

The government has allocated US$82.3mn for projects designed to improve the management and efficient use of water in an effort to guarantee the sustainability of the country's water reserves.

Some upcoming projects include the Congón-San Vicente water transfer system in Santa Elena province, the Cerro Azul water project, also in Santa Elena, and the Gilces-Portoviejo dam, in Manabí province, the official said.

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Projects will be carried out with the support of regional and local governments, which will receive funds from the finance ministry.

Senplades' public investment secretary, Mateo Villalba, was unavailable to comment on the investment plan when contacted by BNamericas.

The allocation is part of Ecuador's 2011 US$4.7bn investment budget for 2011. The budget for 2010 was US$4.1bn.