Americas > South America > Venezuela > Venezuela will invest 16bn Venezuelan bolívares to improve and expand water services

Venezuela: Venezuela will invest 16bn Venezuelan bolívares to improve and expand water services

2013/11/10

Venezuela will invest 16bn Venezuelan bolívares (US$2.54bn) until 2015 to improve and expand water services across the country, President Nicolas Maduro said.

In a speech at the general assembly, Maduro approved 1bn bolívares in a initial round of investment to start the so-called national water plan, which will extend drinking water and sanitation services to poor areas.

The plan will be linked to social programs to provide housing and public services.

Maduro did not disclose further details.

According to government figures, drinking water access reaches 94% in urban areas and 79% in rural areas in Venezuela.

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