Productive rural roads for development program (IADB-ES-L1097)

Countries
  • El Salvador
Where the impacts of the investment may be experienced.
Specific Location
Morazán, Chalatenango, San Vicente, La Libertad, Usulután
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
  • 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
Proposed
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.
Sectors
  • Construction
  • 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)
$ 70.00 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)
$ 70.00 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 Jul 20, 2017

Disclosed by Bank Jul 20, 2016


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Project Description
FROM IADB: This project will support the improvement of the tertiary and rural road network in El Salvador, facilitating the permanent road connectivity in areas where there is high potential to develop productive activities and relatively higher poverty indicators. This program aims to contribute to poverty reduction and economic development in the rural areas of El Salvador by improving accessibility conditions and facilitating the integration of areas with productive potential with national and international markets. The project specifically will: i) reduce vehicle operating costs and ii) reduce travel times on the rural road sections operated by the project.
Investment Description
  • Inter-American Development Bank (IADB)
This project is in the form of an investment loan of US$70 million from the IADB's Ordinary Capital.
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).