Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Panama
Location: Arraiján and La Chorrera
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 Development Bank (IADB)
Status: Approved
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: 2016-11-16
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: Ministry of Health
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Water and Sanitation
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 150.00 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): $ 640.00 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 @ IADB website
Updated in EWS: 2017-06-22
Disclosure Date: 2016-05-31
Sanitation Program of District of Arraijan and La Chorrera - PSACH Phase I
IADB-PN-L1121

Project Description
The general objective is to help improve sanitary conditions and reduce pollution in urban waterways and rivers in the districts of Arraiján and La Chorrera. The specific objectives are to: (i) increase sewer and wastewater treatment coverage in the program's area of intervention; (ii) help build capacity for the management of works and sustainability in the sector; and (iii) promote the proper operation of the sewer system through comprehensive environmental and sanitation education interventions. As a result of these interventions, it is expected that 16,800 households will have new connections, the wastewater generated by 65,800 households will be effectively treated, and the pollutant load in the districts of Arraiján and La Chorrera will be reduced by about 40%.
Investment Description
The total estimated cost of the program is US$640,123,158, with the IDB financing up to US$150 million equivalent from the Flexible Financing Facility of its Ordinary Capital. The program will have a local government counterpart contribution of US$240,123,158 and parallel financing of up to a total of US$250,000,000 from AECID, CAF, the EIB, and CABEI. The program has an expected execution period of six years.
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).
Bank Documents