July 25, 2012 (LBO) – Sri Lanka has bought a 64.9 million US dollar water supply system from Tetra Tech, a California based firm with financing from the Export-Import Bank of United States. The 12-year credit, the first since 2008, will finance a water supply system for Badulla, Haliela and Ella areas on Sri Lanka, the US Ex-im bank said in a statement.
“Not only does this transaction stimulate U.S. job creation, but it also contributes directly to the quality of life in Sri Lanka, said Ex-Im Bank chairman Fred P. Hochberg said in a statement.
“This project will bring potable water to thousands of those who need it, and that is a success.”
The project involves new treatment plants integrating them will rehabilitated ones, building storage tanks, pumping stations, a new dam and reservoir, 50 kilometres of transmission and 100 kilometres of distribution pipeline.
“This is the first full-scale, design-build water-supply project that Ex-Im Bank has financed for an international client, said Tetra Tech chairman Dan Batrack.
“Tetra Tech is proud to support the government of Sri Lanka in this important effort to bring safe drinking water to its people.