Land border crossing integration program (IADB-PN-L1107)

Countries
  • Panama
Where the impacts of the investment may be experienced.
Specific Location
Paso Canoas, Guabito, and Río Sereno
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
  • 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
Proposed
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.
Borrower
República de Panamá
The holder of the loan, grant, or other investment.
Sectors
  • Transport
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)
$ 30.00 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)
$ 40.50 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 @ IADB website

Updated in EWS Jun 21, 2017

Disclosed by Bank Feb 11, 2016


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Project Description
The objective of the program is to contribute to improving the performance of the logistics sector in Panama by modernizing infrastructure, equipment and controls at border crossings with Costa Rica. The program's goals include deepening logistics services, efficiency and connectivity of productive infrastructure through an increase in the competitiveness of the national logistics system and the increase in customs declarations processed in Paso Canoas. The specific objectives are: (i) to implement effective processes and control tools; (ii) providing border crossings with modern and adequate infrastructure and equipment; And (iii) improve the local urban conditions for the articulation of border crossings with the environment.
Investment Description
  • Inter-American Development Bank (IADB)
The cost of the program will be US $40.5 million, of which US $30 million will be financed with resources from the Ordinary Capital of the IADB and US $10.5 million as local counterpart.
Contact Information
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).