Proregion Program (IADB-PE-L1252)

Countries
  • Peru
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Jun 13, 2020
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.
Borrower
Government of Peru
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Potential Rights Impacts
  • Healthy Environment
  • Labor & Livelihood
Only for projects receiving a detailed analysis, a broad category of human and environmental rights and frequently at-risk populations.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Loan Amount (USD)
$ 200.00 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)
$ 1,672.40 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 @ IADB website

Updated in EWS Jun 14, 2020

Disclosed by Bank Feb 5, 2020

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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 objective of the program is to contribute to improving the regional connectivity of the country, through the rehabilitation, improvement and maintenance of the roads of the departmental road network, which will result in improvements in access to logistics corridors, the movement of people and regional integration, and infrastructure resilience to the effects of climate change.

Componente 1. Inversiones y conservación por niveles de servicio (US$1.620 millones): (i) rehabilitación y conservación por cinco años de aproximadamente 5.000 km de vías de la RVD a nivel de soluciones básicas; (ii) actividades de supervisión, tanto para rehabilitación y mejoramiento, como conservación de las vías; y (iii) estudios de solución definitiva para intervención en vías con flujos de tráfico superiores a 1.000.000 de ejes equivalentes.

Componente 2. Seguimiento y monitoreo de los impactos del programa (US$5,4 millones).

Componente 3. Fortalecimiento institucional para la gestión integrada de transporte y competitividad (US$15,2 millones)

Gestión del programa (US$31,8 millones)

El programa intervendrá en aprox. 18 CVA, con una meta estimada de 5.000 km. Las intervenciones previstas permitirán mejorar el acceso a corredores logísticos,
reforzando la resiliencia a desastres naturales y a efectos del CC, incrementando la cobertura de las vías con calidad adecuada para el tránsito de personas y productos, y reduciendo parte de los costos logísticos de los productos usuarios de las vías que serán intervenidas. 

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

Las actividades del Componente 1 podrán generar riesgos e impactos ambientales y sociales negativos, localizados y de corta duración (excavación de materiales, movimiento de tierra y uso de maquinaria pesada, erosión, generación de polvo, ruido, aguas residuales y desechos, disrupción al tránsito y potenciales accidentes a las poblaciones colindantes con la vía que incluye centros poblados, comunidades campesinas altoandinas y comunidades nativas, así como posibles accidentes laborales), y para las cuales se dispone de medidas de mitigación.

Aunque las obras del programa se ejecutaran en vías ya intervenidas, los AASc/PGAS de la muestra confirmaran si los proyectos de la muestra tendrán afectación a hábitats naturales o sitios culturales críticos, así mismo, el MGAS del programa incluirá la necesidad del análisis de estos riesgos para los proyectos fuera de la muestra.

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

El programa tendrá un costo total de US$1.672 millones, donde US$200 millones serán financiados por Capital Ordinario (CO) del Banco. El prestatario tendrá US$1.472 millones como contrapartida. La operación se ejecutará como un Programa de Inversión de Obras Múltiples (GOM), por facilitar la estructuración de financiamiento en el mediano plazo y en razón que las obras son independientes pero similares. El plazo de ejecución preliminar para este programa es de cinco años.


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 IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works