Metropolitan Buenos Aires Urban Transformation Project (WB-P159843)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Specific Location
Buenos Aires
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
Feb 27, 2017
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
Government of Argentina
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Education and Health
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)
$ 200.00 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)
$ 242.50 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 Aug 7, 2017

Disclosed by Bank Sep 13, 2016


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Project Description
The development objectives of the Metropolitan Buenos Aires Urban Transformation Project for Argentina are to improve housing conditions and access to selected basic services and infrastructure in selected disadvantaged neighborhoods in the Buenos Aires Metropolitan Area (AMBA), and strengthen the institutional capacity for urban management at the metropolitan level. The project comprises of five components. The first component, urban and social integration of Barrio 31 in Autonomous City of Buenos Aires (CABA) consists of two sub-components: (i) improvement of basic infrastructure; and (ii) improvement of housing conditions. The second component, habitat improvement of disadvantaged neighborhoods in Greater Buenos Aires objective is to improve the living conditions of selected disadvantaged neighborhoods located in municipalities of the Province of Buenos Aires (PBA) within AMBA. The third component is strengthening institutional capacities for metropolitan urban management. Project management activities are divided into components 4 and 5 to identify the work performed by each of the two project executing agencies in CABA and PBA. These components will support the management, coordination, and evaluation of the two project implementations units, which will be set up under Secretariat for Social and Urban Integration (SECISYU) for CABA interventions and the sub-secretariat of finance for PBA interventions
Investment Description
  • World Bank (WB)
Contact Information
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.