San Martin Railway Improvement Project: Retiro-Pilar Branch (IADB-AR-L1267)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
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
B
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.
Borrower
Government of Argentina
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.
Loan Amount (USD)
$ 400.00 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)
$ 522.00 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 @ IADB website

Updated in EWS Nov 21, 2017


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Project Description
The general objectives of the project are to: (i) help increase productivity through the provision of rail infrastructure, thereby improving the quality and capacity of the public transportation service in the northwestern corridor of the Buenos Aires Metropolitan Area (AMBA); (ii) help mitigate the effects of climate change; and (iii) help reduce social inequality by providing quality transportation services to vulnerable groups. The project's specific objective is to improve the quality of public transportation through the renovation and electrification of the passenger rail service of the General San Martín Railroad (FCSM) in the section between the Retiro and Pilar stations, which will reduce travel times, improve the reliability of service, and decrease greenhouse gas emissions.
Investment Description
  • Inter-American Development Bank (IADB)
TOTAL COST: USD 522,000,000 COUNTRY COUNTERPART FINANCING: USD 122,000,000 IADB FINANCING: USD 400,000
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).