IDB approves $40 million to improve water and sewerage systems in Panama

The Inter-American Development Bank has approved a $40 million loan for Panama to expand and improve potable water and sewerage systems in Panama City and the central and western provinces.

 

The funding will help build new water and sanitation infrastructure, reduce leaks and service interruptions and expand wastewater collection and treatment, the multilateral said.

 

The 25-year loan has a four-year grace period and Libor-based interest rate. Panama's government will provide $10 million in counterpart funds.

 

Original source: Business News Americas