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    Reference: 20170354
    Release date: 6 June 2017

    Promoter – Financial Intermediary

    Ministry of Infrastructure, Province of Buenos Aires

    Location

    Description

    The project aims to enhance flood protection and strengthen the capacity of the institutions responsible for integrated monitoring and management of water resources in the Salado River Basin.

    Objectives

    The project will help the Province of Buenos Aires to take adequate and coordinated measures to manage and reduce flood risks. The investments are expected to alleviate direct risk to population or critical assets. They will also contribute to climate action adaptation, by increasing the resilience against the effects of more extreme weather patterns. The project will benefit the residents of the municipalities along the Salado River Basin (Section IV), totalling 240,000 people.

    Sector(s)

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

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    USD 110 million (EUR 99 million)

    Total cost (Approximate amount)

    USD 222 million (EUR 199 million)

    Environmental aspects

    The environmental impact will be predominantly positive. The components are likely to require a comprehensive environmental impact assessment according to local and national legislation.

    Procurement

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

    Status

    Signed - 30/06/2021

    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

    Argentina Water, sewerage