According tothe Inter-American Development Bank Invest (IDB Invest), formerly the Inter-American Investment Corporation (IIC), this project aims to finance the investment plan to boost electrical transmission capacity through the Central American Electrical Interconnection System (SIEPAC per its acronym in Spanish).
SIEPAC consists of a 1,793 km long tansmission line across Guatemala, El Salvador, Nicaragua, Costa Rica, and Panama. This project is phase two of the creation of SIEPAC, with phase one parts already up and running.
This project will have two main activities:
The estimated cost of the project is US$370 million. An Inter-American Development Bank Group will fund US$200 through a loan from its own resources (type A). The remaining costs will be covered by the participation of an unnamed multilateral organisation and by unspecified capital contributions.
The Empresa Propiertaria de la Red S.A was developed to construct electricity transmission lines in Costa Rica.
Project Contact: Gian Franco Carassale
Email Addres: email@example.com
Telephone No.: +1 202 623-2957
ACCOUNTABILITY MECHANISM OF IIC
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).