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    Reference: 20150543
    Release date: 20 September 2016

    Promoter – Financial Intermediary

    ADMINISTRADORA BOLIVIANA DE CARRETERAS

    Location

    Description

    The project consists of the doubling of the single carriageway road between Confital and Bombeo (44.6 km). The project is a section of the Caracollo-Colomi road in the Cochabamba department some 250 km southeast of the country's capital La Paz.

    Objectives

    The project is part of the East-West Corridor between Brazil and Chile included in the Initiative for the Integration of the Regional Infrastructure of South America (IIRSA) strategic plan to reinforce economic integration and development in South America. The Confital-Bombeo section is part of the Caracollo-Colomi 2x2 road (doble vía) and is considered a national priority by Bolivia's national road authority and is part of their strategic road plan (plan vial). The project will improve access to neighbouring countries and is expected to increase and diversify Bolivian exports. Traffic levels should be moderate albeit with high induction potential given the low standards of the existing link and the high share of heavy traffic. The economic profitability should be good if final investment costs do not deviate significantly from current estimates. The promoter has shown adequate capacity to manage and implement relatively large road projects.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the EU Guarantee for EIB loans outside the EU.

    Proposed EIB finance (Approximate amount)

    USD 82 million (EUR 76 million)

    Total cost (Approximate amount)

    USD 166 million (EUR 154 million)

    Environmental aspects

    If the project was located within the EU, it would fall under Annex I of the Environmental Impact Assessment (EIA) Directive 2011/92/EU and would require full EIA and public consultation. An environmental and social (E&S) impact assessment with public consultation has been done according to Bolivian national legislation. The EIA was approved by the competent authority on 4 December 2013. The Bank will investigate E&S aspects and verify that the promoter has followed the relevant EU environmental and social principles, standards and practices.

    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 - 31/03/2017

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Bolivia Industry