Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20150865
    Release date: 6 June 2017

    Promoter – Financial Intermediary

    MINISTERIO DE SALUD

    Location

    Description

    The overall objective of this operation is to support the Panama Sanitation project in the Panama Oeste Province, located west of Panama City and Canal. The project will consist of the construction of a wastewater collection system - sewerage networks, pumping stations and household connections - the construction of a conveyance system and a wastewater treatment plant to provide full sanitation services to the sector of La Chorrera and other surrounding areas. The project is a successor operation to the West Panama City Sanitation Programme - Burunga. The rest of the project will be financed by the Inter-American Development Bank (IADB), the Latin American Development Bank (CAF), the Spanish Cooperation Agency (AECID), the Central American Bank for Economic Integration (CABEI) and the government of Panama.

    Objectives

    The programme contributes to the government's efforts to reduce pollution and improve environmental sustainability. It will benefit an estimated population of about 225,000 at completion. The treatment facility will be designed to avoid the discharge of over 115,000 cubic meters 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 43 million)

    Total cost (Approximate amount)

    USD 584 million (EUR 497 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 - 27/06/2018

    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