Sri Lanka buys US water supply system with US$64.9mn ex-im finance

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.