European Investment Bank loan to CDB to help with water treatment plants here

European Investment Bank (EIB) Vice President Ambroise Fayolle (left) and Caribbean Development Bank (CDB) President (Ag.) Isaac Solomon display the signed agreement for a new joint initiative between the two institutions. It was announced in Washington, D.C., yesterday.

The European Investment Bank’s (EIB’s) Board of Directors last week approved the allocation of a further €24.4 million (USD26.7 million) to support water supply services in four regions of Guyana, under a previous joint operation with the Caribbean Decvelopment Bank (CDB).

A release yesterday from the CDB said that the project in Guyana will improve the supply of clean water to five communities through the construction of five new water treatment plants, replacing old pipes and installing water meters.

“The new water treatment plants will remove the high iron content in the water and provide water 24 hours a day to all of the households supplied. The project is expected to have a significant impact both in terms of sustainable water management and on the health and quality of life of the communities benefitting”, the release said.