Cabei to finance Nicaragua Caribbean sanitation work

Central American development bank Cabei will provide funds to finance a sanitation project in the municipality of Bluefields, capital of the country's south Caribbean autonomous region.

The loan forms part of a financing package the bank will provide to Nicaragua, vice-president and first lady Rosario Murillo said in her daily news roundup on Friday.

The project entails the construction of a sewerage system, comprised of 43km of pipelines, as well as a wastewater treatment plant. It also includes building 630 wells, three wastewater pumping stations, and the installation of sewage house connections.

The initiative requires investments of US$45.2mn, of which Cabei provides 17mn. Another US$21mn will come from South Korea's Economic Development Co-operation Fund, and the Nicaraguan government will provide the remaining funds.

Some 27,830 residents will benefit from the construction of the sewage network, while the wastewater treatment project is set to benefit 69,471 people, Murillo said.