More than 407,000 households will benefit from new or improved connections to drinking water and sanitation services thanks to a $100 million loan from the IDB
The Inter-American Development Bank (IDB) approved a $100 million loan to finance drinking water, sanitation, and wastewater treatment projects in the metropolitan area of Belém, in the state of Pará, Brazil.
The loan is part of the Pará Sanitation Development Project (PRODESAN), which will have a $25 million contribution from the state of Pará, for a total of $125 million.
The program’s objective is to improve health conditions among the population of the Metropolitan Region of Belém, and specifically the municipalities of Belém, Ananindeua, and Marituba. The initiative will benefit nearly 407,000 households with new or improved connections to drinking water, sanitary sewerage, and wastewater treatment services.
To achieve this goal, the program will finance infrastructure works for drinking water supply, sanitary sewage extension, and the construction of a wastewater treatment plant. Likewise, the project seeks to improve the operational efficiency of water supply services provided by the Pará Sanitation Company (COSANPA) by modernizing its production systems and distribution network to reduce losses and increase energy efficiency. Additionally, the initiative will support the company’s institutional strengthening through programs to improve operational, commercial, and asset management.
The program also includes the development and implementation of an innovation and digital transformation plan for COSANPA, along with an internal and external gender policy.
This project is aligned with the IDB Group's Vision 2025, which prioritizes social inclusion and equality, productivity and innovation, economic integration, and resilience to climate change. The loan has disbursement period of 5 years, with a 25-year amortization period, and a 5.5-year grace period. The interest rate is based on LIBOR.
About the IDB
The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.