Finance for rehabilitation of Venezuela’s largest drinking water plants
- The Latin American financial institution announced approval of US$150 million for rehabilitation and modernization of the largest water treatment plants in Venezuela.
- The program will benefit one third of the country's population.
CAF President & CEO Enrique García said "CAF supports the efforts of countries in the region to ensure that all the people, particularly low income sectors, have access to a sustainable and quality drinking water supply and sanitation services."
"Our strategy for the sector focuses on supporting its shareholders countries in structuring and financing investment programs and projects with high social and environmental impact," García said.
On the Plan, which has a total cost of US$509 million, the CAF president said its greatest impact will be to improve the quality of life and health conditions of about one third of the country's population.
The selected plants, whose operating life is between 30 and 55 years, are Alejo Zuloaga (Carabobo state), La Guairita, La Mariposa and Caujarito (Miranda state), Cordero (Táchira), Turimiquire (Sucre state) and Plant C (Zulia state).
The first phase of the plan, estimated at US$214 million, includes carrying out engineering studies of the seven plants, investment in a first group, and strengthening the management of Hidroven and its subsidiaries.
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