Release date: 18 March 2013
Promoter – Financial Intermediary
ABC – Administradora Boliviana de CarreterasLocation
Description
The project consists of the upgrade of a 188km road between Uyuni and Tupiza.
Objectives
The Uyuni – Atocha – Tupiza road is part of the “Corredor de Integración Central Sur” which connects the Departments of Potosí, Chiquisaca y Tarija, and as such corridors to Chile, Argentina and Paraguay. This project will have a significant impact on Bolivia’s regional integration, both domestically and internationally. This enhanced internal and international connectivity will increase and diversify exports and will further develop the tourism sector and will foster economic development in the area, improving living conditions of communities by incorporating them effectively into the national economy.
Comments
This operation is covered by the EU Guarantee for EIB loans outside the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 130 million
Environmental aspects
The Bank shall investigate environmental and social aspects during appraisal and verify that the promoter has followed the relevant EU environmental and social principles, standards and practices. The Bank shall also verify the acceptability of the project in terms of likely environmental impacts and proposed mitigation and compensation measures.
Procurement
The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.
Status
Signed - 27/06/2014