Rural and Urban Access Improvement Project (WB-P160359)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Specific Location
Managua
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
B
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
Mar 6, 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.
Sectors
  • Infrastructure
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)
$ 96.80 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)
$ 96.80 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Sep 1, 2016


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Project Description
The development objectives of Rural and Urban Access Improvement Project for Nicaragua are to: (a) improve safe and sustainable access to markets and services in targeted rural and urban areas of the Recipient; and (b) in the event of an emergency, provide immediate and effective response to said emergency. This project has four components. 1) The first component, Road Infrastructure Improvement, will finance physical works for road rehabilitation and maintenance to improve road connections of the population to social services and markets and ensure sustainability of road assets. It has the following sub-components: (i) Improving Urban Access to Managua; (ii) Rehabilitating and Improving Rural Roads; (iii) Maintaining Road Assets; and (iv) Building Resilience to Climate Change in the Road Sector. 2) The second component, Road Safety, will support activities to strengthen the institutional capacity for managing road safety and physical works to improve road safety measures of the road network. It has the following subcomponents: (i) Reducing Selected Road Accident Hazardous Spots; and (ii) Strengthening Road Safety Management Capacity. 3) The third component is Institutional Strengthening and Implementation Support. 3) The fourth component, Immediate Response Mechanism, allows the Government to access resources for eligible expenditures in event of a crisis or emergency, to provide immediate and effective response to said crisis or emergency.
Investment Description
  • World Bank (WB)
The World Bank's International Development Association (IDA) is providing US$96.80 in Investment Project Financing to this project, which is the total project cost.
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.