Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Argentina
Location: Buenos Aires
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.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Status: U
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.
Board Decision Date: 2016-12-13
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 or Client: Autopistas Urbanas S.A.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Transport
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 154.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported Up to US $154 millones
Converted using 2017-04-12 exchange rate.
Project Cost (USD): $ 154.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-08-10
Disclosure Date: 2016-11-07
AUSA Second Road Safety and Urban Mobility Program
IIC-11226-04

Project Description
The investments are intended to continue supporting the Sustainable Transportation Plan of the City of Buenos Aires, which is designed to increase road safety, improve urban transportation (both regular and rail), and promote the general sustainability of the Metropolitan road network. This investment includes the construction of a new bridge to connect the capital city of Buenos Aires with the city of Lanús in the province of Buenos Aires (the Lacarra Bridge), the diversion of a section of the Illia highway where it enters Avenida 9 de Julio (New Illia Highway Viaduct), and other civil works that will be identified by the AUSA over the next two years, including the Nazca and Balbín railway underpasses.
Investment Description
Autopistas Urbanas S.A. (AUSA, or the “Borrower”) is a joint stock company whose main shareholder is the Government of the Autonomous City of Buenos Aires.
Contact Information
ACCOUNTABILITY MECHANISM OF IIC 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).
Bank Documents