A USD1,312,500 grant to prepare a project that aims to curb the flow of pollutants into Lake Titicaca and improve the health and sustainable development of surrounding communities in Bolivia and Peru was approved by the Multilateral Cooperation Center for Development Finance (MCDF) Governing Committee during its meeting in Beijing on 10 June. The project will be implemented by CAF – Development Bank of Latin America and the Caribbean.
The MCDF grant will finance a comprehensive feasibility study for the construction and operation of two wastewater treatment and sanitation facilities in the Peruvian and Bolivian basins of Lake Titicaca, respectively. The underlying investment project is intended to significantly reduce pollutant loads and other discharge into the lake from towns and industry in the Suches and Huancané basin areas, halting the deterioration of the lake’s water quality.
Activities to be supported by the MCDF grant include an initial survey of the current wastewater and sanitation system in the Suches and Huancané river basins and identification of localities to be included in the feasibility study.
This due diligence will cover technical, economic, financial, environmental, social, climate resilience, and other considerations, including specific vulnerabilities to local high-altitude conditions.
CAF will implement the grant’s activities in close coordination with the Binational Autonomous Authority of Lake Titicaca, with the ultimate aim being an investment project to be financed by CAF and partners.
Contact
David Hendrickson
Senior Communications Officer
Mobile: +86 185 0114 6758
david.hendrickson@themcdf.org
