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NWC and NCB Sign Us$12 Million Loan Facility for Sewage Upgrading

By: , August 13, 2015

The Key Point:

The National Water Commission (NWC) and the National Commercial Bank have signed a US $12 million loan agreement to finance the rebuilding, rehabilitation or replacement of several waste water treatment facilities across the island.

The Facts

  • The financing facility is being supported under the Caribbean Regional Fund for Waste Water Management (CReW) Project.
  • The IDB is providing an additional US$ 3 million in grant funding to facilitate potential commercial bank loans to the NWC for implementing wastewater improvement projects.

The Full Story

The National Water Commission (NWC) and the National Commercial Bank have signed a US $12 million loan agreement to finance the rebuilding, rehabilitation or replacement of several waste water treatment facilities across the island.

The financing facility is being supported under the Caribbean Regional Fund for Waste Water Management (CReW) Project, which involves the Global Environmental Facility (GEF), Inter-American Development Bank (IDB), United Nations Environment Programme (UNEP), and the governments of some other Caribbean countries.

The IDB is providing an additional US$ 3 million in grant funding to facilitate potential commercial bank loans to the NWC for implementing wastewater improvement projects.

At the signing of the loan facility at the NCB’s Wellness and Recreation Centre in Kingston on Wednesday (Aug. 12), Minister of Water, Land, Environment and Climate Change, Hon. Robert Pickersgill, welcomed the undertaking.

He noted that the four-year CReW project aims to “provide sustainable financing for the wastewater sector, support policy and legislative reform and foster regional dialogue and knowledge exchange among key stakeholders in the wider Caribbean.”

He said in the initial stage, the financing mechanism will be used to provide all the required works and services necessary to implement eight projects, which will see the rehabilitation, replacement, or decommissioning of the existing wastewater facilities or the construction of new facilities.

Providing details, Acting President of the NWC, Mark Barnett, informed that the waste treatment plants in Boscobel, St. Mary; and Elletson Flats in St. Andrew will be rebuilt, while facilities at Arcadia,  Bay Farm Villas and Hughenden in St. Andrew, will be decommissioned and connected into the central sewer system.

He noted further that waste water systems in Dela Vega City, St. Catherine; Blackwood Gardens, Kingston; and Lionel Town, Clarendon, will be rehabilitated.

Mr. Barnett said the project will facilitate improved wastewater treatment and will allow the NWC to expand its sewer network, especially in Kingston.

“The facilities to be decommissioned in St. Andrew will allow for more waste water to go to the Soapberry (treatment plant), which is offering a better treatment option, plus it will also improve NWC’s internal operations by reducing our energy costs,” Mr. Barnett said.

The Caribbean Regional Fund for Waste Water Management Project aims to provide sustainable financing for the wastewater sector; support policy and legislative reform; and foster regional dialogue and knowledge exchange among key stakeholders in the wider Caribbean.

Last Updated: August 13, 2015

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