World Bank agrees $300m water and sanitation project in Argentina
The World Bank has approved a $300 million loan to expand and improve water and sanitation services in Metropolitan Buenos Aires, particularly in the most vulnerable areas. An additional $120 million will be available for the construction of social housing, benefiting nearly 10,000 inhabitants of Buenos Aires Province.
The Buenos Aires Water Supply and Sanitation for Vulnerable Areas Program will support the AySA Company in the building of infrastructure to provide drinking water and sanitation networks. It will also contribute to the improvement of sewage treatment in 20 suburban municipalities and the City of Buenos Aires.
The project is is financed with a variable-spread loan that supports results-based management, with specific indicators to measure compliance. The loan has a maturity period of 32 years, with a seven-year grace period.
