From Industrial Ports to Smart Ports: Addressing Future Challenges through Technological Innovation (IADB-RG-T3123)

Regions
  • Latin America and Caribbean
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
Active
Bank Risk Rating
C
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
Jun 11, 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.
Sectors
  • Industry and Trade
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 0.50 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)
$ 0.50 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 Jul 2, 2018


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Project Description

According to the Inter-American Development Bank, this project will support the region's transition from industrial ports to smart ports, allowing countries to better leverage technological innovation. 

The technical cooperation will include five components:

  1. Toolkit for smart ports in Latin America and the Caribbean. In this component, best practices in smart port implementation l will be analysed to create a toolkit to support countries in benchmarking their own performance.
  2. Pilot benchmarking assessments and roadmaps. In this part of the project, the degree to which key ports can advance in the evolution to smart ports will be assessed.
  3. Communication, dissemination, and technical assistance. In this component, a communications strategy will be developed to socialise the results of all undertaken research and consultation activities. 
  4. Meeting of the Inter-American Network of Single Windows (Red VUCE). Under this part of the project, a space for dialogue between Latin American and Caribbean countries can exchange experiences and lessons learned will be created. 
  5. Supervision and monitoring. This part of the project will be composed of a oversight and monitoring mechanism. 
Investment Description
  • Inter-American Development Bank (IADB)

Funding will come from the Korea Fund for Technology and Innovation. 

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).