Support To The Water, Electricity And Transport Sectors (IADB-VE-T1072)

Countries
  • Venezuela
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
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
Aug 5, 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 Venezuela
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Technical Cooperation
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.60 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)
$ 0.60 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 Oct 24, 2019


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

Project Description

The objectives of this technical cooperation are the following: In the Water Sector: Conduct a rapid diagnosis of the sector and the identification of rapid impact measures for the restoration of potable water supply services and the collection and adequate disposal of wastewater, at minimum acceptable levels of quality, and define the strategies, action plan and studies required (with the development of TDR for the most important studies), which allow the prioritization of actions and investments for the recovery of services in the short and medium term. In the Electricity Sector: Carry out a diagnosis to determine the immediate infrastructure needs to contain the deterioration of electricity services and initiate its recovery in the medium term, with specific actions for the first twelve months. It seeks to determine the immediate and very short term investment needs, by: (i) defining very short-term investment plans to recover the transmission and distribution sector; (ii) the determination of emergency investments in the generation park to recover the generation capacity that is feasible in the very short term; and (iii) the construction of supply and demand scenarios in the short and medium term. In the Transport Sector: Carry out a technical diagnosis of the sector in the country attending the most important needs, and prepare a road map with an action plan to re-establish the transport system in the country in the future.

Investment Description
  • Inter-American Development Bank (IADB)
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).