Rural and Urban Access Improvement Project Additional Financing (WB-P165467)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Specific Location
Municipio de Granada, Departamento de Granada
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
U
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 15, 2018
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
Ministerio de Transporte e Infraestructura
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 35.00 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)
$ 35.00 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 Dec 15, 2017


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Project Description

According to the World Bank, the objectives of the project are to: (a) improve safe and sustainable access to markets and services in targeted rural and urban areas of Nicaragua and (b) in the event of an emergency, provide immediate and effective response to said emergency.

This additional funding will add to the Nicaragua Rural and Urban Access Porject (PMARU) that was active starting in May 2017. The project provides funds to create road links in rural and urban parts of Nicaragua. The original project has the following components:

  1. road infrastructure improvement
  2. road safety
  3. institutional strengthening and implementation support
  4. immediate response mechanism.
Early Warning System Project Analysis

The original project was given a B rating by the Bank. 

People Affected By This Project

According to the World Bank, 39,927 habitants of the communities of Cauloa, Panaloya, El Guayabo, el Hatillo, los Laureles, Osaguay, los Cocos, and la Virgen will benefit from this project.

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.