January 11, 2019 |
Central American development bank provides $55m for sewage and flood control in Limón
CABEI said it has approved a $55.1m loan to finance a sewage and flood control program in the city of Limón, Costa Rica.
The 20-year loan comes with a five-year grace period, CABEI said in a press release.
The financing includes $42m to build sewer services in the neighborhoods of Limoncito, Envaco, Pueblo Nuevo and Los Baños. Costa Rica's water supply and sewage utility AyA will spend $275,000 on the $42.3m program.
The financing also involves $13.1m for a flood control system on the Limoncito River. The national groundwater, irrigation and drainage department Senara will put $1.2m in the $14.3m project, CABEI said.