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Support for the design and preparation of the Comprehensive Urban Regeneration Program for El Chorrillo

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

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