Water, sanitation, and drainage
Within the debt limit of COP 1.5 trillion approved by the District Council to the administration, a credit of COP 150 billion was approved with the Inter-American Development Bank (IDB) for water, sanitation, and drainage. This operation also includes a donation of up to 3 million dollars from the IDB's non-reimbursable facility.
TL;DR
- Cartagena received a COP 150 billion loan from the IDB for water, sanitation, and drainage infrastructure.
- A grant of up to $3 million from the IDB will also support these initiatives.
- This is the first loan under the IDB's new program for subnational governments, which does not require national government guarantees.
- The financing aims to increase access to urban drainage and water services, expand sanitation, and strengthen local revenue generation.
- Key projects include rehabilitation of the Bocana gates, new drainage infrastructure, expansion of water service in Barú, and improvements to the Mamonal - Puente Turbaco water line.
- Initiatives to improve revenue generation include a pilot census of ICA taxpayers and updating socioeconomic stratification for property tax and subsidy management.
- Effective execution and citizen oversight are crucial for achieving the project's objectives and benefiting vulnerable populations.