Quick Facts

Where the impacts of the investment may be experienced.
  • Argentina
  • Chile
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: 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.
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IADB website
Updated in EWS: 2017-11-05
Disclosure Date: 2016-07-13
Paso de Agua Negra International Tunnel

Project Description
The program's objective is to contribute to the structuring and preparation of the Agua Negra Pass international tunnel construction project, the aims of which are to improve border integration between Argentina and Chile and expand the region's access to international markets through the Coquimbo¿San Juan¿Porto Alegre interoceanic corridor (paragraph 1.19). The program's specific objectives are to support the countries in conducting a successful bidding process for the contract to design and build the Agua Negra Pass international tunnel, and in completing the tunnel's engineering designs. These objectives will be achieved through the financing of technical studies, specialized technical assistance, and institutional strengthening of the Argentine Highway Administration (DNV), the Chilean Highway Administration (DVC), and the Agua Negra International Tunnel Agency (EBITAN) (paragraph 1.20).
Investment Description
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