CABEI continues to support "Water for Guanacaste" project to benefit 700,000 Costa Ricans in Costa Rica's North Pacific region
• In April of this year, the loan for US$425 million was formalized to develop the Water Supply System Project for the Middle Tempisque River Basin and Coastal Communities (PAACUME) in the province of Guanacaste.
San José, November 11th, 2022 - The Central American Bank for Economic Integration (CABEI) continues to support the project known as "Water for Guanacaste" by contributing with its founding partner country, the Republic of Costa Rica, to achieve the Sustainable Development Goals (SDGs) such as food security, improved nutrition, sustainable agriculture, and employment generation in an area historically affected by drought, such as the province of Guanacaste.
The project involves the construction of a dam and a reservoir of 850 hectares of water mirror with a capacity of 80 million cubic meters, as well as pipelines, a water treatment plant, and a powerhouse for electricity generation simultaneously in a period of five years, works that would provide water resources to half a million people directly and benefit another 200,000 indirectly with the increase of productive activity and the substitution of groundwater use for surface water.
"We support the sovereign decisions of our member countries and we are pleased to be an active part of this initiative that will provide water to the people of Guanacaste, who have been waiting for these works for so many years and who will soon see the Water Supply System for the Middle Tempisque River Basin and Coastal Communities (PAACUME) Project become a reality," said CABEI Executive President Dr. Dante Mossi.
The financing granted by CABEI and formalized in April of this year for the execution of the works is for US$425 million and includes 225 kilometers of canals, clean water treatment and piping to distribution tanks of the Instituto de Acueductos y Alcantarillados (AyA), a development plan, groundwater monitoring, automation of the Arenal Tempisque Irrigation District system, and environmental management, among others.