IDB approves $74m loan for Peru storm drainage

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Storm drainage services to be enhanced across more than 30,000 homes in the districts of Puerto Maldonado and El Triunfo.

The Inter-American Development Bank (IDB) has announced the provision of a $74m loan to support the upgrade storm drainage to improve the resilience of 30,000 homes across two regions of Peru. The government of Peru will assign an additional $29.3m.

The operation’s overall goal is to increase the number of households with adequate access to urban storm drainage services in the two cities, protecting the population from flooding and improving the sustainability of the storm drainage service in the Municipality of Tambopata.

The project consists of two components. The first will invest in urban storm drainage infrastructure works, including construction, rehabilitation and enhancement of sewer networks as well as green infrastructure systems for runoff control. The second component will support local governments’ efforts to improve storm drainage infrastructure management to improve sustainability.

The investment falls within the IDB’s Vision 2025 in the areas of economic integration, development of micro, small, and medium sized enterprises, gender and inclusion, and climate change.