Dominican Republic city to use IDB loan to improve water service
Santiago de los Caballeros, a Dominican Republic city, will use a loan of $25m from the Inter-American Development Bank (IDB) to improve the potable water services in the metropolitan area.
The loan amount will be utilised to address the growing demand for potable water in the Santiago de los Caballeros city, which is witnessing immigration from other areas, and growth in population.
The loan will strengthen the water and sewerage corporation of Santiago, the Corporación del Acueducto y Alcantarillado de Santiago (CORAASAN), to improve water services for about 329,000 inhabitants, which constitute 60% of the population in the city.
With the loan amount, CORAASAN is expecting to provide water service for at least 12 continuous hours every day for 211,000 people and also improve energy efficiency of water service operators and overall management by investing in water infrastructure.
The project to improve access to drinking water is also anticipated to reduce water loss and energy costs in the area.
IDB project team leader Javier Grau Benaiges said; "Through this project, the Bank will support the Dominican Republic to increase the quality and continuity of drinking water in urban and suburban areas, thereby improving operational efficiency and service."
As a part of the project, the authority will implement better pumping systems and network sectorisation, and replace pipes.
The project work will also include improving feedback systems and support the service governance along with corporate governance programmes and information systems.
IDB has extended the loan for 25 years with a grace period of 5.5 years and an interest rate based on London Interbank Offered Rate (LIBOR).
Image: Dominican Republic city Santiago de los Caballeros will use IDB approved loan to improve potable water services. Photo: Courtesy of Walter J Pilsak.