Company name
Compañía Distribuidora de Nicaragua S.A. (“CDN”)
Project number
12082-01
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
Nicaragua
Sector
N/A
Status
In implementation
Disclosed date
08/04/2017
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
N/A
Approval date
11/08/2017
Signed date
06/13/2018
Sponsoring entity
Inversiones Cerveceras Centroamericanas S.A. (“INCECA”) and Compañía Cervecera Nicaragüense S.A. (“CCN”)
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 13,000,000
Currency
USD
Project scope and objective
The loan to CDN aims to provide long-term financing for the construction of a new distribution center located in Sabana Grande, outside of Managua capital. The estimated total project is estimated at US$25 million.
The construction will include storage warehouses, parking lots, administrative office buildings, service areas, and a new filtration well system, which re-inserts rainwater into the aquifers of the zone. This will be the biggest warehousing facility in the country that has this sustainability characteristic.
At the same time and as part of the indirect benefits of the project, some rural roads in poor condition around the project will be enhance. For example: routes #1 and #154 that rides East-West could be connected completely with a North-South corridor that passes in front of the new facilities. Approximately, 1.6 kilometers in bad conditions (access roads to new CDN facilities) will be enhanced to facilitate better circulation around the area, and will also help decongesting traffic over Nicaragua’s most important route (Pan-American CA#1).
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) - COMPAÑÍA DISTRIBUIDORA DE NICARAGUA S.A
95.4 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.
For inquiries, comments and information requests about the project
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
42.6 Kb