March 26, 2019 |
The IDB said it has granted $87.1m in long-term financing for a water supply project in Quito.
The 24-year loan is based on Libor and comes with a 6.5-year grace period, the IDB said in a press release.
The city-owned water company EPMAPS will also receive $40m from the Spanish development fund Fonprode and $93.9m in local funding for the $221m project, the IDB said.
EPMAPS will use the money to build a new drinking water treatment plant and renovate two other plants. It will also lay 45km of
Development bank provides a $87m loan for a water supply project in Quito