CAF awards Panama US$200mn in water projects financing
Latin American development bank CAF has approved a US$200mn loan to finance projects under the Panamanian government's investment program for the water and sanitation sector, called Pronaisa.
Around 1mn residents of the metropolitan area of Panama City, but also in Colón province, will benefit from the improved water service coverage and efficiency the loan will finance, the bank said.
Works include the Sabanitas II potable water treatment plant in Colón, a similar facility in Gamboa, Panama province, enhancing aqueduct systems in Panamá Oeste, and the installation of monitoring nodes in the aqueduct system of Panama City.
The loan will also finance new sewage and wastewater treatment networks, and the expansion of existing ones in Changuinola, Bocas del Toro province, and Puerto Armuelles, in Chiriquí province. Some 40,000 residents are expected to benefit from these two projects.
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