The two projects will be financed by the European Investment Bank (EIB).
The strategy will also serve to face the effects of the dry season in aqueducts located in Veraguas province.
The state-run bank is the main player in terms of financing for the country's sanitation sector.
The country's comptroller stated that only 30% of the resources obtained through a carbon tax go to environmental projects.
The deal is aimed at lessening the impact of natural disasters on the country's public finances amidst the government's fiscal tightening efforts.
The water utility serving Boca Chica municipality is seeking to expand and rehabilitate the Catalina potable water system.