Promoting the well-being of the population, enhancing economic recovery, job creation and competitiveness in Argentina is a priority for CAF — development bank of Latin America — whose Board of Directors approved three credit operations for a total of USD 645 million for nutrition and social protection programs, water and sanitation, and roads, which will benefit more than 4 million Argentines in the coming years.
“At CAF we offer comprehensive support to member countries and the operations approved today in favor of Argentina are a good example of this support, by (i) underpinning the AlimentAR Card to improve food security of the most vulnerable groups, with emphasis on early childhood; (ii) the contribution to the expansion and improvement of efficiency of clean water supply services in the south-west region of Greater Buenos Aires; and (iii) the strengthening of the national road system to improve connectivity and competitiveness,” said CAF interim executive president Renny López.
Argentina will receive a USD 245 million loan for the AySA Clean Water Basic Works Program – Phase IV, which calls for projects that integrate the Southern Water System managed by the company. These include a new intake of raw water in Río de la Plata, with a 3,000 meter adduction pipe, the second stage of a pumping station at the General Belgrano water treatment plant, to reach a final pumping capacity of 3 million m3/day; and the construction of drive pipes and accessory equipment in a total length of 31,253 meters .
This Program is expected to benefit approximately 2 million residents (and a projected 2.5 million in 2040) of the regions of Almirante Brown, Lomas de Zamora, Ezeiza, Esteban Echeverría and La Matanza, providing them with cleaner water.