NWC to Spend $8.7 Billion on Water and Sewerage Projects
By: , May 13, 2016The Key Point:
The Facts
- The K-Factor programme allows the NWC to use a predetermined percentage of customers’ bills to implement non-revenue water reduction, sewerage and other specifically approved operational efficiency projects.
- Meanwhile, under the Caribbean Regional Wastewater Management Programme, $702 million will be used to finance the rehabilitation of 44 waste water sewerage treatment systems.
The Full Story
The National Water Commission (NWC) is to spend $8.7 billion this fiscal year to improve the supply of potable water and rehabilitate sewage treatment facilities across the island.
Minister of Finance and the Public Service, Hon. Audley Shaw, made the disclosure as he opened the 2016/17 Budget Debate in the House of Representatives on Thursday (May 12) under the theme: ‘Partnership for Economic Growth’.
He informed that $3.2 billion will go towards the continued upgrading of the Kingston Metropolitan Area (KMA) water supply, and $952.0 million for K-Factor water and sewerage facilities.
The K-Factor programme allows the NWC to use a predetermined percentage of customers’ bills to implement non-revenue water reduction, sewerage and other specifically approved operational efficiency projects. The K-Factor funds are later repaid to customers as an X-Factor on their bills.
Meanwhile, under the Caribbean Regional Wastewater Management Programme, $702 million will be used to finance the rehabilitation of 44 waste water sewerage treatment systems.