Company name
Proyecto Ventanilla S.A.C.
Project number
13880-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Peru
Sector
Manufacturing
Status
In implementation
Disclosed date
08/08/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/17/2023
Approval date
10/17/2023
Signed date
05/15/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 30,000,000
Financing amount
USD $ 50,000,000
Currency
USD
Project scope and objective
This operation consists of a total financing of up to US$51.6 million with a term of up to 14 years to Proyecto Ventanilla S.A.C. (“Almacenes del Norte”).
Proyecto Ventanilla S.A.C., a special purpose company established in Peru (the “Client”), was incorporated to build and operate the Almacenes del Norte logistics park, located in the district of Ventanilla, Constitutional Province of Callao, Peru (the "Project").
The Project is located 20 km north of Jorge Chavez International Airport, 25 km from the Port of Callao and 40 km from the future Port of Chancay. The logistics warehouses will be developed on a total area of 504,220 m2 and a leasable area of 288,044 m2 (57% of the total). Construction began in 2022 (currently the earthworks phase is almost complete), and will be completed in 2027, with four types of warehouses: i) small, with areas of 150 m2; ii) medium, with areas between 200 and 400 m2; iii) large, with areas between 3,000 and 6,000 m2; and iv) “Build To Suit”, with areas greater than 10,000 m2.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ALMACENES DEL NORTE - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY -ESRS
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ALMACENES DEL NORTE - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
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