Road Integration Program II (IADB-NI-L1097)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Specific Location
Caribbean Coast
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
Nov 23, 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
Ministry of Transportation and Infrastructure
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.
Investment Amount (USD)
$ 87.00 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)
$ 89.84 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jun 30, 2016


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Project Description
The objective is to contribute to economic development and poverty reduction in Nicaragua, with a focus on the Caribbean coast, by improving the condition of the transportation infrastructure in rural areas of the country with a high incidence of poverty, facilitating the integration of production areas and consumption areas and access to public and social services for the population of those regions. The specific objective of the program is to improve the traffic flow quality and accessibility of the targeted road segments by reducing average vehicle operating costs and shortening travel times, promoting sustainable movement of goods and passengers by improving the road infrastructure and adopting specific environmental and social management measures. Pursuant to the Environment and Safeguards Compliance Policy, the program was classified as a category “A” operation since the road segment in the program’s representative sample is near environmentally protected areas and passes through their buffer zone, potentially creating indirect impacts on those areas. The representative sample project requires the purchase of land parcels to relocate 11 dwellings located within the right of way.
Investment Description
  • Inter-American Development Bank (IADB)
The program has a total cost of US$89.84 million, to be financed as follows: US$52.20 million from the IADB's Ordinary Capital; US$34.80 million from the Fund for Special Operations; and US$2.84 million in local contribution.
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).