Friday, 15 March 2024 05:04

IDB finances ANDA projects for US$100 million

Written by Karla Gutiérrez

The Inter-American Development Bank (IDB) will finance different projects to strengthen the water and sanitation sector in El Salvador.

The multilateral will provide $100 million to improve the pipeline system that carries potable water to Zaragoza, San Juan Opico and other areas of San Salvador.

In addition, a laboratory will be built in San Miguel to bring quality water to the east of the country.

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It is estimated that approximately 120,000 households will directly benefit from improved drinking water service in the San Salvador Metropolitan Area (AMSS).

It will benefit 1.8 million inhabitants of the AMSS, whose quality of life and well-being will increase due to access to sustainable basic services. Progress will focus not only on ANDA's operational and financial performance, but also on the modernization of operations.

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The support will help optimize the performance and sustainability of the executing agency, the Administración Nacional de Acueductos y Alcantarillado (ANDA). With this contribution, the Central American country will focus on improving the continuity of potable water services in the AMSS, reducing levels of non-revenue water in the AMSS, improving energy efficiency in the Zona Norte system that supplies the AMSS, and improving ANDA's business management.

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The loan will have a five-year disbursement period, with a 25-year amortization period, a 5.5-year grace period, and an interest rate based on SOFR.

These projects were presented at the Inter-American Development Bank (IDB) Suppliers Fair by the President of the Administración Nacional de Acueductos y Alcantarillados (ANDA), Rubén Alemán.

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Translated by: A.M