Water Management Financing in the Caribbean - Part 4
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The document summarizes Jamaica's wastewater treatment plant (WWTP) rehabilitation program funded through a public-private partnership. The program involves upgrading 14 pilot WWTPs with $3 million in grants each from GEF/CReW and a $10 million loan from a commercial bank to the National Water Commission (NWC). The loan is guaranteed and will be repaid through projected revenue increases (the "K-Factor") from improved wastewater services. Several WWTP projects have been completed or are underway using this financing model, which addresses issues around commercial loan terms and timelines for realizing project benefits.
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Water Management Financing in the Caribbean - Part 4
- 4. Chester Engineers/NWC: T.A. Project Agreement - signed May 2011. Report being reviewed by NWC - Report Completed CReW / NWC - IMPLEMENTATION SCHEDULE IDB/NWC Grant Agreement: signed July 26, 2011- Completed USTDA/NWC Grant Agreement Aug.2010- Completed Invitation of RFPs - Capital Financing - October 2011 Invitation - RFPs Design/Build WWTP 14 WWTPs - Oct 2011 Rehabilitation of 14 No. WWTPs - 2012 - 2014 Engagement of Consulting Engineer : Baseline Study
- 11. ISSUES & LESSONS LEARNT
- 15. 2. Projects which are ECONOMICALLY FEASIBLE in the LONG TERM or have benefits accruing to more than direct users ( and are predictive/incremental growth) i.e. Sewage Projects : a. Bi-Lateral & Multi-lateral Funding are perused 3. Projects which are deemed ‘UNECONOMICAL ’ such as small remote, sparsely populated communities and rural districts : a. Grants and Subsidies (GoJ & Development Funding Agencies) b. Rural Water Supply ( RWL) etc. 4. Parish Plans – JM$100.0B / US$1.15B CONCLUSION
- 16. THANK YOU !