Panama lent $50m for wastewater treatment

The Republic of Panama has been granted a $50 million (£35m) loan for investment in wastewater treatment. The cash will help finance the expansion of the Juan Diaz water treatment […]

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By Priyanka Shrestha

The Republic of Panama has been granted a $50 million (£35m) loan for investment in wastewater treatment.

The cash will help finance the expansion of the Juan Diaz water treatment plant, which is part of the government’s five-year strategic plan.

It identifies water as a priority sector and aims to improve the coverage, quality and management of services.

The project will double the existing water treatment capacity of 190,000 cubic metres.

The European Investment Bank (EIB) stated: “The EIB has been mounting operations in Latin America since 1993 under mandates granted by the EU Council and European Parliament. During this period, the EU bank has signed contracts relating to 90 projects in the region, mobilising around €7 billion (£5.3bn) worth of finance.”