Company name
Centro Hospitalario Serena del Mar (CHSDM)
Project number
CO3944A-01, 13142-01
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
Colombia
Sector
Social Infrastructure
Status
In implementation
Disclosed date
05/16/2014
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/24/2014
Approval date
10/28/2014
Signed date
04/06/2015
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 5,000,000
Financing amount
USD $ 72,140,000
Currency
USD
Project scope and objective
The purpose of this IIC operation is to finance the construction and operation of a state-of-the-art university hospital in Serena del Mar, Cartagena, to be operated by the Fundación Santa Fe de Bogotá. In its first stage, the hospital will have 151 beds and 50,000 m2 of floor area, and will be built on land covering seven hectares.
The project’s cost is estimated at US$113 million. With this operation, the IIC is providing the healthcare sector with access to long-term financing (up to 15 years) through a quasi-equity structure.
Centro Hospitalario Serena del Mar is expected to offer state-of-the-art procedures and be one of the most technologically advanced hospitals in Colombia. It will increase the availability of healthcare services in Colombia’s Caribbean region.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
ESAP SERENA DEL MAR.PDF
73.1 Kb
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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.
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Request informationLearn more about how we provide private-sector solutions in the region .
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.
ENVIRONMENTAL AND SOCIAL REVIEW
47.9 Kb