$ 399 million loan from CABEI for the metropolitan aqueduct.

Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

The Central American Bank for Economic Integration (CABEI) approved this November 24 financing for up to $ 399.2 million for the Supply Project for the Fifth Stage Metropolitan Aqueduct (PAAM), also known as Orosi 2, of the Costa Rican Institute of Aqueducts and Sewers ( Governess).

Declared of public interest by the Government of Costa Rica in May, the megaproject will provide the definitive solution to the supply of the Metropolitan Area by contributing 2,500 liters per second of liquid to the capital and surrounding areas, benefiting 638 thousand people directly and close to 1.4 million indirectly.

The loan is for a 20-year term, with a 5-year grace period, with competitive financial conditions and in compliance with the Administrative Contracting Law and its regulations.

AyA’s executive president, Yamileth Astorga, thanked CABEI for its support in financing this key project and highlighted the benefits for the country. “It is undoubtedly a strategic project for Costa Rica and the Metropolitan Area, as it will guarantee drinking water for future development and will generate about 800 temporary jobs in its construction.”

“In this way,” she said, “it will have a direct positive impact on both public health and the recovery of the economy.”

The works include the installation of 44.3 kilometers of pipes from Orosi de Cartago, of which 8.6 km are tunnels, the construction of a new water treatment plant in Patarrá de Desamparados and the construction of four storage tanks of 10,000 cubic meters each.

“Costa Rica, through AyA, has been throughout its history guaranteeing the population water suitable for human consumption and for CABEI it is very satisfying to know that its participation in various projects around the country has allowed it to materialize them. We have no doubt that this PAAM megaproject will be of great benefit to the inhabitants of the GAM ”, said CABEI Executive President Dr. Dante Mossi.

Currently, the AyA is progressing with 70% in the final designs of the works and is working on the Single Annex to the environmental impact study that was presented in 2019 to the National Technical Secretariat (SETENA).

The cantons benefited from the megaproject include Alajuelita, Curridabat, Desamparados, El Guarco (Cartago), Escazú, Goicoechea, La Unión (Cartago), Montes de Oca, Mora, Moravia, San José, San Pablo (Heredia), Santa Ana, Tibás and Vásquez de Coronado.

Latests News