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US$ 51.5 million loan approved with CAF for water works in SJM, VMT and VES

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The government of President Pedro Castillo approved a US$51.5 million loan with the Andean Development Corporation (CAF) to develop water and sewage works in the districts of San Juan de Miraflores, Villa María del Triunfo and Villa el Salvador, in Lima.

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This is the project “Expansion and Improvement of the Potable Water and Sewage Systems of Sectors 311 – 313 – 330 – 310 – 312 – 314 – 300 – 307 – 319 – 324 and 301 – Nueva Rinconada – Districts of San Juan de Miraflores , Villa María del Triunfo and Villa el Salvador”. Sedapal is in charge of its execution.

Through Supreme Decree No. 050-2022-EF, the Ministry of Economy and Finance (MEF) It also approved the operation of internal indebtedness, through the issuance of Sovereign Bonds, up to the sum of S/ 800 million 850,391, to be carried out in one or several tranches, with the objective of partially financing the first stage of the second front. of this same investment project.

The MEF, through the General Directorate of the Public Treasury, transfers to Sedapal the resources corresponding to external and internal debt operations through a Resource Transfer Agreement, to be signed by said entities, which is approved by ministerial resolution. Said agreement establishes the terms and conditions for the transfer and return of resources.

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The service of amortization, interest, commissions and other expenses caused by the external indebtedness operation that is approved with the CAF are attended by the MEF, charged to the resources that the company Sedapal timely provides for this purpose.

Meanwhile, the amortization service, interest, commissions and other expenses caused by the internal indebtedness operation that is approved through Sovereign Bonds are attended by the MEF charged to the budgetary resources assigned to the payment of public debt service. The reimbursement of the debt service and other expenses of said indebtedness operation by the company Sedapal is established in the Resource Transfer Agreement.

The decree is endorsed by President Pedro Castillo; the head of the ministerial cabinet, Aníbal Torres; the Minister of Economy and Finance (MEF), Óscar Graham; and the Minister of Housing, Geiner Alvarado.

Source: Larepublica

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