IDB plans US$692mn lending for water in Rio de Janerio, Amazonas, Pernambuco

Friday, August 5, 2011

IDB plans to provide US$692mn for upcoming water and sanitation work in Brazil's Rio de Janeiro, Amazonas and Pernambuco states, a bank spokesperson told BNamericas.

The funding will be applied to projects aimed at improving drainage, solid waste management, potable water supply and sewerage services as well as cleaning up rivers and carrying out urbanization work.

"In the southeast, US$452mn is going toward Rio de Janeiro state's Guanabara bay sanitation program, of which US$200mn is for phase I and US$250mn for phase II work," the spokesperson said.

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An additional US$140mn is being planned for phase III of Amazonas state's social and environmental program for streams in state capital Manaus.

Finally, US$100mn will be allocated to the northeastern state of Pernambuco for the Ipojuca river basin cleanup, the official added.

Brazil is one of the IDB's founding member countries. Since 1961, the bank has approved US$40bn in loans and guarantees for infrastructure, environment, institutional strengthening and poverty reduction projects.

IDB loans for sanitation initiatives that are already underway in Brazil total US$1.07bn.