This project will provide technical assistance funding to the Ministry of Transport and Communications of Venezuela for the preparation and negotiation of a private-sector concession contract for the Caracas-La Guaira highway system that can also serve as a model for future concessions. It will finance legal, financial, environmental and technical assistance for the preparation and negotiation for the concession contract, so as to ensure that the contract allows for the project to be financed in the international financial market and to provide a guarantee to the government that the level of service, works, maintenance, and safety of the roads will be in accordance with international highway sector standards.
Project Detail
Country
Venezuela
Project Number
TC9601205
Approval Date
October 17, 1996
Project Status
Cancelled
Project Type
Technical Cooperation
Sector
TRANSPORT
Subsector
TRANSPORT
Lending Instrument
Multilateral Investment Fund Instrument
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 366,000.00
Country Counterpart Financing
USD 173,000.00
Original Amount Approved
USD 193,000.00