Rio Salado Flood Protection Programme (EIB-20170354)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
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
Proposed
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.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ EIB website

Updated in EWS Oct 13, 2017

Disclosed by Bank Jun 6, 2017


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Project Description
The project aims to enhance flood protection and strengthen the capacity of the institutions responsible for integrated monitoring and management of water resources in the Salado River Basin. The project will help the Province of Buenos Aires to take adequate and coordinated measures to manage and reduce flood risks. The investments are expected to alleviate direct risk to population or critical assets. They will also contribute to climate action adaptation, by increasing the resilience against the effects of more extreme weather patterns. The project will benefit the residents of the municipalities along the Salado River Basin (Section IV), totalling 240,000 people. ENVIRONMENTAL ASPECTS The environmental impact will be predominantly positive. The components are likely to require a comprehensive environmental impact assessment according to local and national legislation.
Investment Description
  • European Investment Bank (EIB)
Proposed EIB finance (Approximate amount): USD 100 million (EUR 89 million) Total cost (Approximate amount): USD 900 million (EUR 799 million)
Contact Information
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