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
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
02/21/2025
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 $ 35,000,000
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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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
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
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
VITAL CAPITAL - ENVIRONMENTAL AND SOCIAL ACTION PLAN - ESAP
133.1 Kb
VITAL CAPITAL - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY - ESRS
235.5 Kb