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    Reference: 20150672
    Release date: 8 March 2016

    Promoter – Financial Intermediary

    MINISTERIO DE SALUD

    Location

    Description

    The proposed operation supports the West Panama Sanitation Programme. It aims at extending sanitation services beyond the Panama Metropolitan area to the neighbouring province of West Panama on the western side of the Canal. The EIB loan will finance the first component of the programme i.e. design and construction of collectors and sewerage networks, including domestic connections, in Burunga (Arraiján District). The rest of the programme will be financed by the World Bank (WB) as the leading international financial institution (IFI), the Latin American Development Bank (CAF) and the Government of Panama (GoP).

    Objectives

    The programme contributes to the Panama Government's efforts to improve pollution abatement and the country's environmental sustainability. It will benefit an estimated population of 62 000 people and will avoid the discharge of 28 500 m3 per day of untreated wastewater into the environment. It will also indirectly have a positive economic impact due to its proximity to the metropolitan area of Panama. The project is in line with the EIB Water Sector Lending Policy and is eligible for financing under the EIB Climate Action and Environment Facility (CAEF) as it contributes to environmental sustainability through pollution abatement, to underpin sustainable growth in the region.

    Sector(s)

    • Water, sewerage - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    USD 50 million (EUR 47 million)

    Total cost (Approximate amount)

    USD 300 million (EUR 284 million)

    Environmental aspects

    The project will have a very high positive environmental and social impact for the population of Panama. It will significantly reduce direct wastewater discharges into water bodies, thus contributing to improving public health and environmental conditions in the beneficiary area. The project's compliance with environmental and social principles of the EU, the EIB and the other IFIs, together with the applicable national environmental legislation and issues related to adaptation to climate change will be verified during the appraisal.

    Procurement

    The Bank will require the promoter to ensure that the procurement of the project is carried out in line with the EIB Guide to Procurement.

    Status

    Signed - 15/11/2017

    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

    Panama Water, sewerage