This Technical Cooperation (TC) aims to support the design and preparation of the Comprehensive Urban Regeneration Program for El Chorrillo (PN-U0003) in Panama City, whose primary objective is to improve the quality of life of El Chorrillo's residents and stimulate the local economy. This TC builds on the progress achieved under TC PN-T1377, which strengthened the technical and institutional capacities of the Municipality of Panama (MUPA) in identifying and formulating urban investment projects, and conducted a preliminary analysis of the municipality's fiscal and financial management as well as its borrowing capacity. In particular, this TC will: (i) develop the comprehensive technical studies that underpin the program's urban design; (ii) assess the Program's socioeconomic, fiscal, and financial feasibility; (iii) analyze the applicable legal and institutional framework and define the enabling legal and financial mechanisms; and (iv) incorporate climate risk management and urban resilience considerations into the Program's design.
Project Detail
Country
Panama
Project Number
PN-T1402
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
URBAN DEVELOPMENT AND HOUSING
Subsector
URBAN REHABILITATION AND HERITAGE
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 600,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 300,000.00