Supplementary Financing for the Port of Montevideo Modernization
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-L1054

Approval Date

November 30, 2009

Project Status

Closed

Project Type

Loan Operation

Sector

TRANSPORT

Subsector

TRANSPORT

Lending Instrument

Investment Loan

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 31,000,000.00

Country Counterpart Financing

USD 11,000,000.00

Original Amount Approved

USD 20,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
2247/OC-UR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Single Currency Facility
Operation Number 2247/OC-UR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Single Currency Facility