PA Metro Water and Sanitation Improvement Project II (WB-P154999)

Countries
  • Panama
Geographic location where the impacts of the investment may be experienced.
Specific Location
Districts of Colon and Chilibre
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
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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
Dec 17, 2015
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
Panama
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
  • Water and Sanitation
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)
$ 144.00 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.
Loan Amount (USD)
$ 144.00 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)
$ 179.00 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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 13, 2018

Disclosed by Bank Jun 30, 2015

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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.

According to the World Bank, the objective of this project is to increase the coverage, quality and efficiency of the water supply and sanitation services in selected low-income areas of Panama, and to support the modernization of Panama's national water and sanitation utility (IDAAN).

The project will include the following components:

  1. Improvement of the Water Supply and Sanitation (WSS) services in IDAAN's operation unit of Chilibre
  2. Improvement of the WSS services in IDAAN's operation unit of Colon
  3. IDAAN's institutional strengthening and modernization. 

This project builds off of the PA Metro Water and Sanitation Improvement Project which closed on 30 June 2017. The original disclosure can be found here. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The International Bank for Reconstruction and Development arm of the World Bank will provide the financing for this project. The remaining US$35.00 million will be provided by the Government of Panama.


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.

World Bank Contact:

Charles Delfieux Title: Water Supply and Sanitation Sp Tel: 473-5210 Email: cdelfieux@worldbank.org

Miguel Vargas-Ramirez Title: Sr Water & Sanitation Spec. Tel: 5732+2004 / Email: mvargasramirez@worldbank.org 

Ministry of Economy and Finance Contact:

Katyuska Correa Title: Director of Public Credit Tel: 5075077204 Email: kcorrea@mef.gob.pa

Implementing Agencies Name: IDAAN - Instituto de Acueductos y Alcantarillados Nacionales Contact: Oscar Marin Title: Project Manager Tel: (507) 504-2667 Email: omarin@idaan.gob.pa 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

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How it works