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


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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
  • Inter-American Development Bank (IADB)
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).