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Northwestern Road Development Corridor Project

Abstract*

The development objectives of Northwestern Road Development Corridor Project for Argentina are to improve connectivity and road safety along targeted road sections of the Northwestern Corridor and to support corridor development in the Northwest of Argentina. This project has three components. 1) The first component, Road Infrastructure, aims to finance infrastructure works to expand the capacity from two lanes to a four‐lane access‐controlled expressway...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Proposed Project Development Objectives (PDO) are to improve connectivity and road safety along targeted road sections of the Northwestern Corridor and to support corridor development in the Northwest of Argentina.

Key Details

Project Details

  • P163115

  • Closed

  • Liljana Sekerinska , Veronica Raffo

  • The Argentine Republic

  • Argentina

  • August 1, 2017

  • (as of board presentation)

    December 14, 2017

  • October 9, 2018

  • US$ 300.00 million

  • B

  • N/A

  • November 30, 2024

  • Yes

  • BANK APPROVED

  • March 27, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 300.00
Borrower/Recipient 11.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 300.00
IDA Commitment N/A
IBRD + IDA Commitment 300.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 311.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jul 1, 2019 IBRD-88100 Int Charges 472,220.66
Jul 1, 2019 IBRD-88100 Int Charges 39,041.10
Jul 1, 2019 IBRD-88100 Int Charges 2,958.90
Jul 1, 2019 IBRD-88100 Int Charges 39,041.10
May 27, 2020 IBRD-88100 Loan Disb 10,000,000.00
Jan 1, 2020 IBRD-88100 Int Charges 343,109.60
Jan 1, 2020 IBRD-88100 Int Charges 110,757.08
Jan 1, 2020 IBRD-88100 Int Charges 343,109.60
Feb 5, 2021 IBRD-88100 Loan Disb 5,000,000.00
Jan 1, 2021 IBRD-88100 Int Charges 25,706.51
Jan 1, 2021 IBRD-88100 Int Charges 266,724.60
Jan 1, 2021 IBRD-88100 Int Charges 59,805.46
Jan 1, 2021 IBRD-88100 Int Charges 264,333.88
Jan 1, 2021 IBRD-88100 Int Charges 2,390.71
Jul 1, 2020 IBRD-88100 Int Charges 336,062.16
Jul 1, 2020 IBRD-88100 Int Charges 336,062.16
Jan 1, 2019 IBRD-88100 Int Charges 3,166.11
Jul 1, 2023 IBRD-88100 Int Charges 6,698.04
Dec 14, 2017 IBRD-88100 Loan Commitment 300,000,000.00
Jan 1, 2019 IBRD-88100 Int Charges 206,198.64
Jul 1, 2023 IBRD-88100 Int Charges 133,420.66
Jul 1, 2023 IBRD-88100 Int Charges 2,561,642.00
Jul 1, 2023 IBRD-88100 Int Charges 133,420.66
Apr 18, 2024 IBRD-88100 Loan Cancel 95,250,000.00
Jan 1, 2024 IBRD-88100 Int Charges 49,062.47
Jan 1, 2024 IBRD-88100 Int Charges 3,053,894.80
Jan 1, 2024 IBRD-88100 Int Charges 49,062.47
Jan 1, 2024 IBRD-88100 Int Charges 108,786.85
Jul 1, 2024 IBRD-88100 Int Charges 70,266.40
Jul 1, 2024 IBRD-88100 Int Charges 70,266.40
Jul 1, 2024 IBRD-88100 Int Charges 19,380.39
Jul 1, 2024 IBRD-88100 Int Charges 3,010,835.50
Jul 1, 2020 IBRD-88100 Int Charges 69,380.76
Jul 1, 2021 IBRD-88100 Int Charges 66,982.61
Jul 1, 2021 IBRD-88100 Int Charges 298,448.50
Jul 1, 2021 IBRD-88100 Int Charges 3,073.77
Dec 2, 2020 IBRD-88100 Loan Disb 15,000,000.00
Jul 1, 2021 IBRD-88100 Int Charges 14,051.24
Jul 1, 2021 IBRD-88100 Int Charges 301,522.25
Jan 1, 2022 IBRD-88100 Int Charges 302,732.88
Jan 1, 2022 IBRD-88100 Int Charges 2,568.48
Jan 1, 2022 IBRD-88100 Int Charges 348,679.88
Jun 28, 2022 IBRD-88100 Loan Disb 7,000,000.00
Jul 1, 2022 IBRD-88100 Int Charges 2,568.48
Jul 1, 2022 IBRD-88100 Int Charges 9,827.35
Jul 1, 2022 IBRD-88100 Int Charges 256,934.62
Jul 1, 2022 IBRD-88100 Int Charges 12,252.00
Jul 1, 2022 IBRD-88100 Int Charges 556,820.50
Jan 1, 2023 IBRD-88100 Int Charges 89,395.52
Jan 1, 2023 IBRD-88100 Int Charges 264,972.60
Jan 1, 2023 IBRD-88100 Int Charges 1,606,336.50
Jan 1, 2023 IBRD-88100 Int Charges 264,828.75
Jan 1, 2023 IBRD-88100 Int Charges 143.83
Dec 17, 2021 IBRD-88100 Loan Disb 25,000,000.00
Jul 1, 2023 IBRD-88100 Int Charges 127,231.73
Aug 18, 2023 IBRD-88100 Loan Cancel 115,000,000.00
Jan 1, 2019 IBRD-88100 Int Charges 2,958.90
Feb 12, 2019 IBRD-88100 Loan Disb 15,000,000.00
Oct 9, 2018 IBRD-88100 Loan Disb 750,000.00
Oct 9, 2018 IBRD-88100 Fee Charges 750,000.00
Nov 26, 2018 IBRD-88100 Loan Disb 12,000,000.00
Jul 1, 2019 IBRD-88100 Int Charges 302,789.38

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Unsatisfactory 2024-11-27
Financial Management Moderately Satisfactory 2024-11-27
Monitoring and Evaluation Satisfactory 2024-11-27
Project Management Moderately Unsatisfactory 2024-11-27
Overall Implementation Progress (IP) Unsatisfactory 2024-11-27
Progress towards achievement of PDO Unsatisfactory 2024-11-27

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Travel time savingsValue0.000.0026.20
    DateApril 24, 2017September 12, 2023March 31, 2024
    Comment
  • Travel time savings (cars)Value0.000.0030.80
    DateApril 24, 2017September 12, 2023March 31, 2024
    Comment
  • Travel time savings (trucks)Value0.000.0022.30
    DateApril 24, 2017September 12, 2023March 31, 2024
    Comment
  • Flow of passenger vehicles (vehicles per day)Value7164.004571.007742.00
    DateApril 24, 2017September 12, 2023June 30, 2026
    Comment
  • Flow of passenger vehicles (cars)Value6629.004175.007175.00
    DateApril 24, 2017September 12, 2023June 30, 2026
    Comment
  • Flow of passenger vehicles (buses)Value535.00396.00567.00
    DateApril 24, 2017September 12, 2023June 30, 2026
    Comment
  • Freight volume transported along targeted road sections of the Northwestern Development Corridor (millions of tons per year)Value7.407.427.86
    DateApril 24, 2017September 12, 2023March 31, 2024
    Comment
  • Traffic-related deaths per hundred million vehicle-kilometers travelled (vkt) along targeted road sections of the Northwestern Development CorridorValue7.267.265.08
    DateApril 24, 2017September 12, 2023June 30, 2026
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Roads constructedValue0.0018.0447.80
    DateSeptember 1, 2017June 30, 2023March 31, 2024
    Comment
  • Percentage of grievances received through the Platform that were responded accordingly to DNV’s protocolValue0.000.00100.00
    DateApril 24, 2017December 11, 2023March 31, 2024
    Comment
  • Number of indigenous women trained in road safety, gender, and gender-based violence activities and participating in productive initiativesValue0.0025.00400.00
    DateApril 24, 2017December 11, 2023March 31, 2024
    Comment
  • Number of gendarmerie posts improvedValue0.001.001.00
    DateApril 24, 2017December 11, 2023March 31, 2024
    Comment
  • Number of culverts and river crossings rehabilitated/constructed with climate resilience designValue0.00180.00127.00
    DateApril 24, 2017December 11, 2023March 31, 2024
    Comment
  • Civil works inspection/supervision of civil works carried outValue0.000.002.00
    DateJune 30, 2022December 11, 2023March 31, 2024
    Comment
  • Number of weight control stations improved and in operationValue0.001.001.00
    DateApril 24, 2017December 11, 2023March 31, 2024
    Comment
  • Number of Fiscal Control stations improvedValue0.002.001.00
    DateApril 24, 2017December 11, 2023March 31, 2024
    Comment
  • Demand study for the Dry Port of General Güemes, SaltaValueNoYesYes
    DateApril 24, 2017December 11, 2023March 31, 2024
    Comment
  • Prepared preliminary climate- and road safety-informed designs for future road improvements in the Northwestern Corridor access roadsValueNoNoYes
    DateApril 24, 2017December 11, 2023March 31, 2024
    Comment