Support for the Development of Urban Transport Policies and Projects (IADB-RG-T3852)

Regions
  • Latin America and Caribbean
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
C
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."
Borrower
Regional
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.30 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)
$ 0.30 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.
Primary Source

Original disclosure @ IADB website

Updated in EWS Mar 3, 2022

Disclosed by Bank May 24, 2021


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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 main objective is to support the beneficiary countries in implementing measures to improve mobility conditions and urban transport, emphasizing the application of new technologies and the generation of measures to the disincentive to use a private vehicle. The specific objectives include: (i) supporting the countries in new urban transport projects; (ii) support the countries in the conceptualization of current urban transport planning policies aimed at discouraging the use of private vehicles; (iii) promote the development of pilots in urban transport technology applications and digital interventions to support objectives (i), (ii) and (iv) contribute to the generation of greater institutional capacity in the region in terms of sustainable transport. The development objective is to formulate strategies to generate capacities through innovation platforms to promote the use of public transport, in this way it is also expected to reduce the use of private motor vehicles and their externalities, with supervision and under the institutional guidelines of the authorities. local and national. For his part, the pilot proposes a car-sharing platform similar to Uber Pool. In which, users can request the service through a mobile application. The algorithm will detect the best route to fill empty seats and with the necessary hygiene measures in the context of Covid-19. In this way, it is sought to make efficient the times and costs and the energy of the vehicles in the transfers, especially in trips of first necessity (health or supply), especially in hours of maximum demand. Through the application, performance indicators can be recorded. The use of low-emission electric or hybrid vehicles will also be prioritized.

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

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