France finances the development of water sector with 12.5 million euros loan from AFD
The Minister of Finance, Mr A. Rusland and the Representative of AFD, French Development Agency, in Suriname, Y. Malpel, have signed in presence of the French Ambassador H.E. M.Prom a credit agreement of 12.5 million euros in favor of the water sector.
AFD will then provide the finance required by SWM for 3 major investments :
Firstly to double the capacity of Van Hattenweg groundwater treatment plant and pumping station ; situated in Wanica District. This station is the largest water production site in the region and relies on a rechargeable aquifer. Adding 1000m3 per hour will give more security to the water supply of Greater Paramaribo and improve the quality of service by increasing the pressure to the connection points.
With the AFD financing, SWM will also install an Automated Centralized Control System in Greater Paramaribo, hence optimizing the production and energy consumption of pumps.
Thirdly, the financing will allow SWM to install a new water treatment plant in Moengo, to replace the existing one, installed in the 50’s . Extension of the distribution network to supply surrounding villages will also be financed with the AFD loan.
AFD will also finance with this credit the update of the Drainage Master Plan for Paramaribo aiming at assessing the impact of wastewater on health, environment and quality of surface water. The Ministry of Public Works will be in charge of implementing this study.
The A.F.D, for “Agence Française de Développement” or French Development Agency, is a public finance institution whose mandate, given by the French Government, is to alleviate poverty and support sustainable growth in both developing and emerging countries and in French overseas departments.