IDB approves US$81mn for water infrastructure improvements

Tuesday, November 22, 2011

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.

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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.