US development organisation the Millennium Challenge Corporation (MCC) plans to provide Cape Verde with US$66.2 million as of 30 November, MCC officials on the archipelago said Wednesday in Praia.
Kenneth Miller said that US$2.5 million was for Water, Sanitation and Hygiene (Wash) projects and Property Management for Investment Promotion (Land) and would be paid out as part of specific contracts that would be signed, according to Cape Verdean news agency Inforpress.
The resident director said he expected that this month another US$5 million would be paid out to the Water and Sanitation Fund (Fasa) following the creation of the National Water and Sanitation Agency (ANAS) and the National Water and Sanitation Council (CNAS).
The first payment of US$5 million may benefit all the islands that have their own autonomous water services, said Miller, noting that Water and Sanitation Services would not benefit, as they had to be “transformed” into water and sanitation companies.
In the case of Santiago Island, Miller said he believed that in the next four to six months the Águas de Santiago company would be set up, which would be covered by a second funding package of US$10 million. (macauhub)