Making BWA more viable

The Barbados Water Authority has seen an increase in the number of delinquent customers in recent months. In fact, the Minister in the Prime Minister's Office, Senator Dr. Shantal Munro-Knight, says the agency is only able to cover 96 per cent of its overhead costs. She was speaking during a debate on a Resolution to approve the borrowing of 12.4 million US dollars from the Caricom Development Fund. The money will be used to co-finance and augment the 3Rs, that is reduce, reuse and recycle, for the climate-resilient wastewater systems project. The loan has a fixed interest rate of three per cent per annum and will be repaid over 12 years, with a two-year grace period. Senator Dr. Munro-Knight is stressing the importance of customers paying their bills. Subscribe to CBC News: http://www.youtube.com/cbcbarbados Connect with CBC News Barbados Website: https://www.cbc.bb/ Facebook: https://www.facebook.com/CBCNews.bb/ Instagram: https://www.instagram.com/cbcnewsbarbados/ Twitter: https://twitter.com/CBCBARBADOS #CBCTV8 #Water #Customers