News Releases. Nov 17, 2011. The Inter-American Development Bank (IDB) approved today a total of US$153 million for Jamaica, including US$133 million to improve water supply in the Kingston metropolitan area and US$20 million for energy efficiency and conservation.
“The IDB is a strong partner of Jamaica, working in close cooperation with the country’s priorities,” said IDB Regional Caribbean Group Department Manager, Gerard Johnson. “Previously, the Bank approved resources to support, among other initiatives, fiscal consolidation, reforms in education, protection of human capital and competitiveness.”
The two loans approved today are as follows:
Kingston water supply program
This US$133 million program will improve the efficiency, quality and sustainability of the potable water services provided by the Kingston Metropolitan Area and increase access to water in selected urban centers of Jamaica. The program will optimize water infrastructure performance, reduce non-revenue water levels, and strengthen the National Water Commission, which is in charge of the initiative.
The rehabilitation of the potable water supply for the Kingston area will include financing the completion of works in selected water treatment and production facilities, reduction of commercial and physical losses, customer water meters, leak detection equipment and repair.
Energy efficiency and conservation
This US$20 million program will help Jamaica enhance its energy efficiency and conservation potential. The program will strengthen the institutional capacity of the Ministry of Energy and Mining to design and implement investment measuresin energy efficiency and energy conservation in the public sector.
These measures will increase awareness and knowledge among key public and private stakeholders, and will repay the investment by reducing energy fiscal expenses. This energy program is also expected to reduce greenhouse gas emissions.
Project Information
The IDB in Jamaica
No comments:
Post a Comment
prueba