Ortiz Construcciones y Proyectos, S.A.
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.
Water and Sanitation
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 50,000,000
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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