CAF Funds Uruguay Water Projects

Uruguay has signed an agreement with Andean Development Corporation to secure a $40m loan to fund sewage projects in the country.

The loan was secured from the Caracas-based financial institution to execute water treatment and effluent disposal facilities from the Maldonado-Punta del Este System.

The project will improve sanitary and environmental conditions in the departmental capital and the tourist area of Punta del Este.

The project will increase sewerage coverage to 95% from 53%, benefiting the population of 417,000 inhabitants of Maldonado and neighbouring localities by 2035.

The entire project will cost $83.2m, out of which the Latin American development bank will contribute 48%, while 52% will be funded by Obras Sanitarias del Estado, the executing agency.