Release date: 6 June 2017
Promoter – Financial Intermediary
Ministry of Infrastructure, Province of Buenos AiresLocation
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 information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).