PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606451

Primary Business Area

Transaction Advisory

Disclosure Date

Jan 29, 2023

Country

Panama

Region

Latin America and the Caribbean

Status

Active

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Jan 30, 2023

Project Estimated Start Date

Sep 1, 2021

Project Estimated End Date

Sep 30, 2023

Project Description

IFC will support the Ministry of Public Works (MOP), in implementing the East Panama Road Public-Private Partnership (PPP), the first PPP transaction under the country’s newly adopted PPP Law. As lead transaction advisor, IFC will work with MOP to structure the PPP and implement a competitive tender to select a qualified private sector partner that will improve, enhance, rehabilitate, build, operate and maintain approximately 244km of roads east of Panama City. This project is part of the MOP’s larger program to improve 2,000 km of intercity and metropolitan roads in a series of transactions, which carry approximately 80% of the country’s interurban traffic.

Development Results

E&S Risks / Impacts and Mitigation