The Bahamas government plans to overhaul water infrastructure on the island of New Providence following approval of an US$81mn loan from IDB.
The five-year program includes repairing 6,000 leaks, installing 9,000 new water connections and improving potable water pressure and continuity, IDB said in a release.
The government will also set up independent environmental and economic regulators to protect the country's water resources and improve management of the national water and sewage commission, WSC.
The program also entails repairing damaged sewerage infrastructure and developing a master plan to address wastewater collection and treatment, stated the release.
The IDB loan is for 25 years, with a five-year grace period and Libor-based variable interest rate.