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NewsWhore
04-03-2009, 03:20 PM
The World Bank announced the approval of a US$27.5 million loan yesterday to improve the drinking water supply and sanitation facilities in the tourist area of Puerto Plata. The Water and Sanitation in Tourist Areas Project will benefit 128,000 Dominicans in poor parts of the region. In addition, it will provide an extra boost to the Dominican government by creating a policy framework and a national strategy for the water sector. A Ministry of Economy, Planning and Development (SEEPYD) coordination unit and the Puerto Plata Aqueducts and Sewerage Corporation (CORAAPLATA) will be responsible for the project's implementation.
"This project will allow more poor families in these tourist areas to have access to quality potable water, while the wastewater treatment and disposal services will be carried out in an environmentally adequate manner, preventing water pollution," said Roby Senderowitsch, World Bank Country Manager for the Dominican Republic.
The project consists of a technical assistance component for the sector at national level, another one to rehabilitate and expand sanitation services in Playa Dorada, Sosua, Montellano, Cabarete, La Union and La Bombita, and a third component for the administrative management of the project.
Besides this new loan, in 2006 the World Bank completed a US$5 million Project for Wastewater Disposal in Tourism Centers, installing small-diameter submarine outfalls and a series of low-cost wastewater disposal technologies in Puerto Plata.
The World Bank fixed-margin loan for US$27.5 million is based on a LIBOR rate and has a 30-year repayment period with a five-year grace period.

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