POST-EARTHQUAKE RECONSTRUCTION FRAMEWORK LOAN (EIB-20160406)

Countries
  • Ecuador
Where the impacts of the investment may be experienced.
Specific Location
Manabi
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
Nov 17, 2016
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
Government of Ecuador
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Water and Sanitation
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)
$ 175.00 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 159.00 million
Converted using 2016-10-17 exchange rate.
Project Cost (USD)
$ 175.00 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 159.00 million
Converted using 2016-10-17 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jun 25, 2017

Disclosed by Bank Oct 17, 2016


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Project Description
The multi-sector framework loan will support the integrated rehabilitation and reconstruction of the province of Manabi, particularly on the sub-region of Portoviejo, which is one of the regions most affected by the recent earthquake The proposed project is a framework loan to finance reconstruction of small scale, multi sector damaged infrastructure investments to cope with the consequences of the 2016 Ecuador earthquake in the sectors and areas such as: (i) rehabilitation and/or reconstruction of public buildings under proper anti-seismic and energy efficiency standards (regional and municipal buildings and social infrastructure such as schools, health centers, hospitals, social centers and other relevant buildings); (ii) recovery and reestablishment of water supply and sanitation, including network repairs, captation, pumping stations, treatment plants; (iii) recovery and reestablishment of energy supply, including grid repairs and substations; (iv) recovery and reestablishment of public telecommunication networks; (v) recovery of local and regional roads damaged by the earthquake (vi) repair and refurbishment of markets and other community buildings; and (vii) other relevant actions to be determined.
Investment Description
  • European Investment Bank (EIB)
Contact Information
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