Port of Montevideo Modernization Program
To improve efficiency and reduce maritime transport associated costs in Uruguay, contributing directly to the country's competitiveness and insertion to regional and international trade circuits. Specifically, the Program is aimed at improving Montevideo's port infrastructure, in anticipation to projected increases in the demand for port services, enabling the PM to maintain and improve its position as regional hub and consolidating its role of regional logistic distribution center.

Project Detail

Country

Uruguay

Project Number

UR-L1004

Approval Date

October 15, 2008

Project Status

Closed

Project Type

Loan Operation

Sector

TRANSPORT

Subsector

TRANSPORT

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B: Likely to cause mostly local and short-term negative environmental and associated social impacts and for which effective mitigation measures are readily available

Total Cost

USD 53,000,000.00

Country Counterpart Financing

USD 13,000,000.00

Original Amount Approved

USD 40,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2031/OC-UR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Single Currency Facility
Operation Number 2031/OC-UR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Single Currency Facility