Rural and Urban Access Improvement Project (WB-P160359)

Countries
  • Nicaragua
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Mar 6, 2017
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.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 96.80 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)
$ 96.80 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
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Sep 1, 2016

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