Company name
Ortiz Construcciones y Proyectos, S.A.
Project number
14421-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Panama
Sector
Water and Sanitation
Status
In implementation
Disclosed date
11/14/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/16/2022
Approval date
12/16/2022
Signed date
12/22/2022
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
An up to fifty million United States Dollars (US$50,000,000.00) committed revolving receivables purchase facility to provide liquidity to Consorcio Anillo Hidraúlico S.A., a private consortium in Panama for the execution of civil works to improve Panama Citiy’s tap water system, including the expansion and rehabilitation of the North Panama aqueduct under a construction contract with National Council for the Sustainable Development (CONADES, in its Spanish abbreviation).
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
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