Roads Integration Program II (IADB-HO-L1121)

Countries
  • Honduras
Geographic location 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
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."
Voting Date
Nov 23, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Republic of Honduras
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 75.00 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)
$ 77.25 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.
Primary Source

Original disclosure @ IADB website

Updated in EWS Sep 26, 2017

Disclosed by Bank May 17, 2016


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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.
The program’s objective is to help raise productivity and increase national and regional integration in Honduras, by upgrading the quality of its road infrastructure. The program’s specific objective is to help improve the level of service provided on two of the Strategic Corridors of Honduran National and Regional Integration (CEINRH), specifically the logistics and tourism corridors, by building additional lanes and refurbishing targeted segments. This will result in lower vehicle operating costs and shorter travel times for users. These two corridors are being targeted because, under the public-private partnership scheme currently operating in Honduras, the logistics and tourism corridors have been placed under concession contracts, and the government has undertaken to deliver several upgraded and refurbished segments for operation and maintenance by the concession holder. The rehabilitation and improvement works will include the following: an increase in the number of lanes to keep pace with demand; reinforcement of the road surface structure; improvement of intersections, drainage, and bridges; and the incorporation of road safety works, among other items. In addition, training will be provided to women for nontraditional skilled activities in the construction sector and institutional strengthening will be provided for the State Secretariat of Infrastructure and Public Services. According to the IADB's Environment and Safeguards Compliance Policy, this has been classified as a Category “B” operation. The works in question generate medium- to low-level environmental impacts; and the environmental management measures to be implemented are known by the executing agency and by the construction and supervision companies. As the works will be executed on existing main corridors, no sites of archaeological or cultural interest, indigenous communities, or protected natural areas are expected to be affected. However, resettlement and land impacts are expected.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The program has a total estimated cost of US$77.25 million, of which US$45 million will be funded from the IADB's Ordinary Capital, US$30 million from the IADB's Fund for Special Operations, and US$2.25 million from local counterpart funding.

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.
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).

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How it works