Company name
Grupo Vía Central
Project number
12278-02
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Uruguay
Sector
Transport
Status
In implementation
Disclosed date
03/31/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/27/2020
Approval date
05/12/2020
Signed date
06/24/2020
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 67,500,000
Financing amount
USD $ 7,500,000
Currency
USD
Project scope and objective
The Project’s objective is to design, construct, finance and maintain the 272-kilometer long railway between Montevideo and Paso de Los Toros in Uruguay. The financing consists of (i) a senior A loan, granted by the IDB Group for an amount of up to US$300 million and a senior B loan for an amount of up to US$160.9 million, provided by two international commercial banks; in addition, the financing will include (ii) a subordinated A loan provided by the IDB Group for an amount of up to US$7.5 million and a subordinated B loan for an amount of up to US$67.5 million.
The Environmental and Social Action Plan and the Environmental and Social Review Summary are available at the following link:
Proyecto Ferrocarril Central PPP | IDB Invest
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Contact information
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Client Contact
IDB Invest Contact
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 [email protected] 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 [email protected] or [email protected] or calling +1(202) 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 information requests about the project.
Request informationLearn more about how we provide private-sector solutions in the region .