BOLIVIA EAST-WEST CORRIDOR (EIB-20150543)

Countries
  • Bolivia
Where the impacts of the investment may be experienced.
Specific Location
Cochabamba
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 12, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ADMINISTRADORA BOLIVIANA DE CARRETERAS
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 82.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 76 million
Converted using 2016-09-20 exchange rate.
Project Cost (USD)
$ 166.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 154 million
Converted using 2016-09-20 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jun 25, 2017

Disclosed by Bank Sep 20, 2016


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Project Description
The project consists of the doubling of the single carriageway road between Confital and Bombeo (44.6 km). The project is a section of the Caracollo-Colomi road in the Cochabamba department some 250 km southeast of the country's capital La Paz. The project is part of the East-West Corridor between Brazil and Chile included in the Initiative for the Integration of the Regional Infrastructure of South America (IIRSA) strategic plan to reinforce economic integration and development in South America. The Confital-Bombeo section is part of the Caracollo-Colomi 2x2 road (doble via) and is considered a national priority by Bolivia's national road authority and is part of their strategic road plan. The project will improve access to neighbouring countries and is expected to increase and diversify Bolivian exports. Traffic levels should be moderate albeit with high induction potential given the low standards of the existing link and the high share of heavy traffic. The economic profitability should be good if final investment costs do not deviate significantly from current estimates. The promoter has shown adequate capacity to manage and implement relatively large road projects. An environmental and social (E&S) impact assessment with public consultation has been done according to Bolivian national legislation. The Bank will investigate E&S aspects and verify that the promoter has followed the relevant EU environmental and social principles, standards and practices.
Investment Description
  • European Investment Bank (EIB)
This operation is covered by the EU Guarantee for EIB loans outside the EU. The investment amount's original value is EUR 76 million.
Contact Information
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