Home News Guyana borrows US$1.3M to upgrade water sector
Guyana has been given US$1.3 million to assist in the upgrade of its water sector.
The Board of Directors of the Caribbean Development Bank said on Tuesday that it has approved a loan to the Government, which and will be used to provide consultancy services for a National Water Policy, provide designs and estimates for the construction of water treatment plants and the upgrade of related infrastructure.
CDB’s Project Director Daniel Best said Guyana has been seeking to enhance the management of its water resources, as well as increase the availability and access of water to communities.
“We expect that these funds will be used to provide technically viable solutions for the improvement of water supply to approximately 68,000 people who live along in the coast as well as in the hinterland regions,” noted Best.
In laying the groundwork, consultants will also conduct a study to determine the feasibility of using water from the Hope Canal for potable water purposes and develop recommendations for institutional strengthening.
According to the CDB, many residents and businesses along the coast experience low water pressure frequently. The projected impacts of climate change are also expected to result in more frequent dry periods, as well as more intense rainfall. The plans for new infrastructure will incorporate climate resilient designs, the CDB noted.
This project’s initial phase is expected to be completed within 18 months. The regional lending institution said the project is consistent with its strategic objective of supporting inclusive and sustainable growth and development within its borrowing member countries, as well as the bank’s corporate priorities of strengthening and modernising social and economic infrastructure; and promoting environmental sustainability.