Post Earthquake Reconstruction Framework Loan

Reconstruction relief & rehabilitation
Ecuador
COUNTRIES
Ecuador
DATES
18/12/2017 - 18/12/2023
TOTAL BUDGET
€ 163 280 000
TOTAL LAIF CONTRIBUTION
€ 7 280 000
SECTOR
Reconstruction relief & rehabilitation
TYPES OF SUPPORT
Technical Assistance
CITIES / PROVINCES
Portoviejo
DESCRIPTION

This project consists of a multisector framework loan given by the EIB to finance reconstruction of small-scale infrastructure damaged by the earthquake of 16 April 2016 in the province of Manabí, particularly in the city of Portoviejo, which was the most affected. The socioeconomic level of the province is lower than the national level. Poverty and extreme poverty are 31.3% and 6.3% of the total population, compared to 25.8% and 5.7% at national level.

The technical assistance provided by LAIF supports national and local authorities to ensure the effective and transparent execution of the project, the development and implementation of an Environmental and Social Management Plan and a Stakeholders’ Engagement Plan, and the strengthening and enforcement of Ecuador’s Building Code (2015). 

RESULTS
The project should contribute to the wellbeing of the population affected by the earthquake of 2016 through upgraded or new urban infrastructure with 1 500 000 people directly benefitting from the project. 
LEAD FINANCING PARTNER
CO-FINANCING PARTNERS
CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS
CRIS REFERENCE
LA/2017/385-150