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Friday, January 29th, 2016  |  USD: Buy 531.29 / Sell 543.92
20 years

AyA to borrow $130 million to fix leaking water system

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June 8th, 2015 (InsideCostaRica.com) The Costa Rican Institute of Aqueducts and Sewers (AyA) is in the final stages of securing $130 million in financing in order to repair leaks in its distribution network.  More than 600 kilometers of aqueducts would be completely replaced, while nearly 5,000 kilometers will be inspected and repaired.

 

The Institute currently loses some 50% of all the water it distributes, mostly due to leaks in piping, aqueducts and water mains.

 

The Central American Bank for Economic Integration (BCIE) and Germany’s KfW Development Bank will together provide $130 million in financing.  Work could begin next year and be completed by 2022, La Nacion reports.

 

The work will be carried out on the water systems in the greater San Jose metro area, as well as Limón, Guácimo, San Isidro de Pérez Zeledón, El Pasito de Alajuela, San Ramón, Puntarenas, Liberia and Nicoya.

 

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  • prdatki

    Good, I have seen leaks last for days before any thing is done, Maybe they should cut the top 100′s pay and benefits by 50 %, this might help cut cost and improve service?

  • Yeims

    Boy, that is quite a pot of loot. I would hope that it would be dispensed using the voucher system to bill the government for the amount of a work increment, and after having the work completely inspected and reviewed — everything accounted for and above board.

    • http://insidecostarica.com/ Timothy Williams

      Actually, there are some – but limited – checks and balances in the way these funds are supposed to be given in increments. As the terms become more clear we’ll follow up (if we don’t, remind us.) Best, Tim

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