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
02/13/2025
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 $ 32,000,000
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 .