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According to the Bank’s website, the proposed investment is a sustainability-linked senior loan of up to USD 200 million to the Province of Cordoba to finance the expansion of National Route (RN) 8 and RN A005. These roads will serve as critical bypass routes for Rio Cuarto, the second-largest city in the Province.
This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability because the proposed project is expected to have limited adverse E&S risks and/or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures, as described in the following sections. The brownfield road expansion will be mainly developed in the RoW of the existing road (i.e., 5 ha will be impacted outside of the RoW), in modified habitats not used for agricultural activities.
The proposed transaction is a sustainability-linked senior loan of up to USD 200 million, and it will finance the expansion of National Routes (RN) 8 and A005, with a total project cost of USD 228 million. These roads serve as vital bypasses for Río Cuarto, a key commercial and service center in a dynamic agricultural-livestock region that strategically links the Pampa and Cuyo areas.
The Project implementing agencies are: (i) the DPV (Dirección Provincial de Vialidad), who is responsible for the design and preparation of tender documents for this project; (ii) the ACIF (Agencia Cordoba de Inversion y Financiamento), responsible for the execution of the loan and launching the tender process; and (iii) DNV DNV (Dirección Nacional de Vialidad), responsible for the operation and maintenance of the roads once the project has been completed.
The Borrower will be the Province of Cordoba, and the Legal Agreements will be signed by the Governor or other representative of the Province. The Province of Cordoba is the 2nd most populated out of Argentina’s 23 provinces.
DPV - Dpto. Planificacion, Evaluacion y Control de Gestion
Geologist Aldana Contreras – Ing. Luis Figliozzi
Geologist / Engineer
(+54) 0351-4342070/78
unidadambiental.vialidad@gmail.com
Avda Figueroa Alcorte 445 - Cordoba Capital, Argentina
Websitehttps://www.cba.gov.ar/organismo/ministerio-de-infraestructura-y-servicios-publicos/institucional-infraestructura-y-servicios-publicos/
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org