Rio Cuarto Road (IFC-49998)

Countries
  • Argentina
Geographic location where the impacts of the investment may be experienced.
Specific Location
Cordoba
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
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
GOVERNMENT OF THE PROVINCE OF CORDOBA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 228.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS May 27, 2025

Disclosed by Bank Apr 14, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

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.                   

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

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.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

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.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

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.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

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

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How it works