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

Countries
  • Panama
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
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 17, 2015
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
Panama
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 144.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. 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, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jul 13, 2018

Disclosed by Bank Jun 30, 2015


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Project 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
  • World Bank (WB)

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

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.