On Thursday October 29 the first public-private Water Fund was launched in Costa Rica: Agua Tica, in order to protect sources of water resources located in the sub basins of the Rio Grande and Rio Virilla, part of the River Basin Tárcoles.
Agua Tica is a public-private partnership that will operate through investments which generated funds will be used to develop activities to help ensure water quality and quantity for the benefit of the residents of the Greater Metropolitan Area (GAM).
Agua Tica will implement 8 lines of strategic investment: regeneration of soils, good agricultural practices, restoration of degraded areas, environmental education, agroforestry, slope control, forest protection and reforestation.
In the creation of this Fund, CRUSA joined the Ministry of Environment and Energy, through the Vice Ministry of Water, Seas, Coastal and Wetlands; the National Institute of Water and Sewers (AyA), BAnco Nacional, BLP Lawyers, Coca-Cola FEMSA, Coca-Cola, Public Service Company of Heredia (ESPH), Florida Bebidas, FEMSA Foundation, Fundecor, The Nature Conservancy (TNC), UNAGUAS and the Universidad Nacional with the support of National Stable Isotope Laboratory of the Faculty of Chemistry.
Agua Tica starts with $ 200,000 provided by CRUSA, the Latin American Water Funds Partnership, Coca-Cola FEMSA, Coca-Cola, Florida Bebidas, FEMSA Foundation, The Nature Conservancy (TNC) and FUNDECOR.