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Company name

Vital Capital Enviroment LTD

Project number

13992-01

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
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B

Country

Panama

Sector

Water and Sanitation

Status

Proposed

Disclosed date

10/31/2024

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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12/13/2024

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

Infrastructure and Energy Division

Investment type

Syndicated amount

N/A

Financing amount

USD $ 82,000,000

Currency

USD

Project scope and objective

The transaction consists of financing Vital Capital Environment, LTD (VCE or the “Company”) for the rehabilitation, operation, and maintenance of 8 drinking water treatment plants owned by the National Aqueduct and Sewer Institute (IDAAN) located in the East and West of the Province of Chiriquí in Panama, for a contractual period of 48 months. The Project seeks to improve the quality and reduce deficiencies in the supply of drinking water to the communities located in the service areas of each of the water treatment plants, benefiting around 450 thousand people.

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For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information :

Client Contact

EMAIL

Hallele@vital-finance.com

PHONE NUMBER

+972-3-7292100

POST OFFICE ADDRESS

Financial Park Tower Boulevard Costa del Este Level 26, Office 26E Panamá

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region .