CABEI approves cooperation for feasibility studies and designs of drinking water and sanitation systems in 28 rural communities in Nicaragua

Tegucigalpa, August 31, 2021.- On Tuesday, the Central American Bank for Economic Integration (CABEI) approved technical cooperation in the amount of US$1.2 million to the Republic of Nicaragua for the preparation of social and environmental technical studies and the final design of works for the supply of continuous and quality drinking water to 12 rural communities in Leon, 4 in Morrito, and 12 in San Rafael del Sur and Villa el Carmen.

These resources will be used to hire consulting firms to prepare the "Studies and Designs for Potable Water and Sanitation Systems in 28 Rural Communities in the Republic of Nicaragua".

In this regard, CABEI Executive President, Dr. Dante Mossi said: "We recognize the importance of financing this type of study, since once its viability is demonstrated, projects will be developed that guarantee a constant service of the vital liquid to Nicaraguans, in addition to promoting hygiene in the communities, as well as actions for the protection and preservation of water resources".

Currently, more than one million Nicaraguans are benefiting from the execution of CABEI-financed projects such as: "Improvement of Water and Sewerage Services in 19 cities", "Sanitation of Bluefields in the Caribbean of Nicaragua" and "Improvement and Expansion of Potable Water and Sanitation Systems in 7 Cities".

The cooperation will be provided with resources from CABEI's Technical Cooperation Fund (FONTEC), through the Preinvestment and Technical Cooperation Financing Program, and will be executed within an estimated period of fourteen months from the date of the start-up order by the Emergency Social Investment Fund (FISE), which will be technically responsible for selecting, evaluating and contracting the consulting firms, as well as supervising their performance.