Matanza-Riachuelo Basin (MRB) Sustainable Development Project Additional Financing (WB-P171197)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Specific Location
Province of 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
Proposed
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
Aug 29, 2019
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
  • Climate and Environment
  • 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)
$ 245.00 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)
$ 245.00 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)
$ 332.00 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 Aug 25, 2019

Disclosed by Bank Jul 17, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The Matanza RiachueloBasin (MRB) Sustainable Development Project (parent project) supports the government’s efforts to implement its MRB Integrated Cleanup Plan (Plan Integral de Saneamiento de la Cuenca Matanza-Riachuelo, PISA), which aims to improve water quality of the basin in the long term. The projectsupports four components: (a) Sanitation, to support the expansion of transport and treatment capacity of sewerage services in the MRB and other parts of the Province and City of Buenos Aires; (b) Industrial Pollution Abatement, to reduce industrial discharges to the MRB; (c) Environmental Territorial Management, to improve decision-making for environmentally sustainable territory management in the MRB; and (d) Institutional Strengthening and Project Management, to strengthen institutional capacity of the MRB Authority (Autoridad de Cuenca Matanza Riachuelo, ACUMAR) for effective implementation of PISA and support project management activities.

Investment Description
  • World Bank (WB)

The proposed AF will help the project to mobilize additional US$332 million, US$322 million for Component 1 and US$10 million for Component 3, to finance ongoing and planned activities under the original loan.

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.