•    The $100 million financing for the Bogotá Water and Sewerage Company will support network upgrades and expand coverage in the capital.

•    The project aims to strengthen water resilience and improve access for vulnerable populations.

WASHINGTON – IDB Invest signed a financing agreement for up to the equivalent in Colombian pesos of $100 million with the Bogotá Water and Sewerage Company (EAAB), Colombia’s largest water and sanitation utility, to support its 2016–2026 investment plan. The program seeks to optimize supply systems, expand sewer networks, and reinforce resilience against extreme rainfall events in Bogotá.

The operation will help improve access to water and sanitation for more than 9.5 million people, including vulnerable households, through network expansion and quality standards assurance. More than 206,000 new water connections and 203,500 sewer connections are expected to be installed by 2028, strengthening urban resilience and response capacity to extreme rainfall. The project will also support national goals for coverage and wastewater treatment and is expected to meet increased demand driven by population growth.

The financing consists of a senior corporate loan for up to the equivalent in Colombian pesos of $100 million.

IDB Invest will also provide advisory services to strengthen EAAB’s environmental and social management and corporate governance. The project includes a circular economy initiative to use biomass from invasive species and technological modernization through smart metering and renewable energy integration.

About IDB Invest 

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.

About Bogotá Water and Sewerage Company (EAAB E.S.P.)

The Bogotá Water and Sewerage Company – EAAB E.S.P. (for its name in Spanish) is a public company that creates value for life and well-being through integrated water management, ensuring water security and reliability. With 137 years of experience, EAAB E.S.P. serves more than nine million Colombians with a vast infrastructure of 19,000 kilometers of water and sewer networks, seven treatment plants, and 55 storage tanks. It is also a benchmark for efficient and responsible public management, driving sustainable territorial development. Visit our website: www.acueducto.com.co.