March 12, 2010 No. 7/10-BD CDB to Finance Nevis Water Supply Project The Board of Directors of the Caribbean Development Bank (CDB) has approved financing for a project which will contribute to the development of an efficient, sustainable and adequate supply of potable water in Nevis. CDB is to make a loan equivalent to USD8.425 million to the Government of St. Kitts and Nevis for this purpose. The project will enhance the water supply network, build capacity and strengthen the institutional arrangements for delivery of water services, and strengthen the legislative and institutional framework for the management of water resources. A large part of the Nevis water supply network was installed between the mid-1980s and mid-1990s. Over the last decade, there has been an estimated 60% increase in the number of residential customers, with tourist and other commercial usage also increasing significantly. By contrast, there has been relatively little investment in expansion of the network capacity. This project is expected to increase efficiencies to meet current and projected demands. It will be implemented by the Ministry of Communications, Works, Public Utilities, Posts, Physical Planning, Natural Resources and Environment.