CABEI approves US$36.0 million to improve quality of drinking water in western Honduras
This investment will improve the quality of life of approximately 4,536 families in the Municipality of Gracias, Lempira.
Tegucigalpa, November 24, 2020 - The Central American Bank for Economic Integration (CABEI) approved today a US$36.0 million financing to the Republic of Honduras for the " Expansion Project of the Drinking Water Supply System in the City of Gracias, Department of Lempira".
The project consists of the development of the hydraulic infrastructure necessary to increase the quality and quantity of water supplied by the supply system of the city of Gracias, Lempira, which currently presents average interruption periods of 168 hours.
CABEI's Executive President, Dr. Dante Mossi said: "CABEI is committed to improving sanitation services at the national and regional levels to achieve universal access, quality assurance and efficient and sustainable delivery”.
The project is estimated to benefit a total of 4,536 families and will be designed for 40 years, reaching an estimated 15,377 families.
To meet its commitment to the social and environmental component promptly, this funding will contribute to the construction of a solar plant and concrete actions to ensure the sustainability of a solar park and the project's pumping stations.
According to CABEI's Institutional Strategy 2020-2024, the program is framed within the strategic axis of Human Development and Social Infrastructure, through which it seeks to support initiatives that improve the development of human capital and the quality of life of the population.
The terms of this financing will have a 20-year term including a 5-year grace period and an indicative annual interest rate of 2.75%.