Support to the development of the logistics freight and ports in Nicaragua (IADB-NI-T1233)

Countries
  • Nicaragua
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
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
Dec 9, 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.
Sectors
  • Infrastructure
  • Technical Cooperation
  • Transport
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)
$ 0.80 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)
$ 0.80 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 Apr 5, 2018


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Project Description

From the IDB: "The objective of this technical cooperation is to support the economic integration of Nicaragua, through pre-feasibility and feasibility studies for the development of the Bluefields international port, as part of a multimodal logistic corridor of national and international relevance, and the formulation of a national cargo logistics plan. The pre-investment studies of the port, will analyze the technical, socio-environmental, economic, financial, and institutional feasibility of the project and its connections, and the benefits of its connection to a multimodal logistics corridor, derived from regional integration such as scale, attracting investment, access to global markets and goods and services at more competitive prices. These connections are fundamental to make a decisive advance in the integration and territorial cohesion of Nicaragua, contributing to the reduction of asymmetries at both national and regional levels. The National Cargo Logistics Plan (PNLOG) will establish a comprehensive policy and action framework for the development of logistics corridors for national and regional integration, promoting innovative financing schemes in these corridors."

Investment Description

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).