BUS RAPID TRANSIT CORRIDOR (EIB-20160806)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Specific Location
Managua
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
May 15, 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
MANAGUA MUNICIPALITY
The holder of the loan, grant, or other investment.
Sectors
  • Transport
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)
$ 136.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 275.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Aug 14, 2017

Disclosed by Bank Feb 17, 2017


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Project Description
From the EIB: The project concerns the construction of a 9.6 km bus rapid transit (BRT) line in Managua, with segregated preferential lanes dedicated to high-capacity bus services. The BRT corridor is aligned with the Juan Pablo II avenue, a main inner ring road crossing the city from east to west and connecting the central districts to the suburbs and to the Pan-American interurban road network. The proposed project is in line with the EIB's External Lending Mandate 2014-2020 (ELM) as it will contribute to the fulfillment of the following main objectives: (i) climate change mitigation (i.e. fostering use of transport cleaner modes), and (ii) supporting social and economic infrastructure (i.e. improving public transport network and road safety) in Managua. It will also contribute to the implementation of the European Consensus on Development and help to achieve several Sustainable Development Goals (SDG8, SDG11 and SDG13).
Investment Description
  • European Investment Bank (EIB)
The propsed EIB financing for this project consists of a loan of USD 136 million. The total estimated project cost will be USD 275 million.
Contact Information
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