Rio Cobre Water Limited
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Water and Sanitation
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Capital Infrastructure Group and VINCI Construction Grands Projects
Investment Operations Department Contact
USD $ 27,828,900
Project scope and objective
The objective of Rio Cobre Water Treatment Plant (the “Project”) is to treat raw water from the Rio Cobre River, pump it into the newly replaced water pipeline and convey the treated water towards Kingston & St. Andrew, Portmore and Spanish Town in Jamaica to reduce the water shortfall. The Project is designed to replace the aged water pipeline, construct new water treatment facilities, and operate them with the proper maintenance to treat 15 million imperial gallons per day of raw water under a public private partnership agreement (the “Water Purchase Agreement”) between the National Water Commission (the “NWC) and the RCWL. Once the project is commissioned, the RCWL will operate and maintain the Project for a period of 23 years, with an option to renew by mutual agreement with the NWC for an additional 5 years.
Subject to due diligence, IDB Invest will provide up to US$30 million equivalent in Jamaican dollars as a part of syndicated loans for the RCWL. The project cost is approximately US$75 million in JMD equivalent, and the requested financing amount from the RCWL is up to US$60 million in Jamaican dollar equivalent by means of syndicated loans. The funds raised will be used to finance, build, and commission the Project.
For inquiries, comments and information requests about the projectRequest information
Alternatively, you may also use the following contact information :
+ 1 876 214-9680
POST OFFICE ADDRESS
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005