Productive Infrastructure Program III (IADB-HA-G1035)

Countries
  • Haiti
Where the impacts of the investment may be experienced.
Specific Location
North and Northeast Departments
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
Active
Bank Risk Rating
A
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.
Voting Date
Mar 3, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of Haiti
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 15.35 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)
$ 70.35 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 Jun 26, 2017

Disclosed by Bank Feb 29, 2016


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Project Description
The program’s overall objective is to contribute to the economic development of Northern Haiti. The specific objective is to create formal employments in the North and Northeast Departments of Haiti by providing the necessary infrastructure for the establishment of firms in the Parc Industriel de Caracol (PIC). The operation will continue the investments initiated by HA-L1055, HA-L1076, HA-L1081 and HA-L1091 in the Industrial Park of Caracol. This operation will provide the basic infrastructure, industrial facilities, management support and complementary investments required for the expansion and sustainable operation of the Industrial Park of Caracol. This operation is classified as Category A. The potential risks of the program are related to: (i) deterioration of water quality; (ii) ecological degradation of the mangrove ecosystem; (iii) cumulative impacts in the Northern corridor resulting from population influx; and (iv) negative impacts on local livelihoods.
Investment Description
  • Inter-American Development Bank (IADB)
The IDB will be investing a total of US $70,346, 534 in this project, US $15,346,534 through the Haiti Reconstruction Fund, and US$55,000,000 through the IDB Grant Facility (see related project HA-L1091).
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).