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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
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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
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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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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

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 .