Company name
Union Vial Camino del Pacifico SAS
Project number
15239-01
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
Colombia
Sector
Transport
Status
Proposed
Disclosed date
10/24/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/22/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
Sacyr S.A.
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 300,000,000
Currency
COP
Project scope and objective
The Buga-Buenaventura Road Corridor (the “Project”) is a Fifth Generation Concession (“5G”) project led by the Government of Colombia, through the National Infrastructure Agency (“ANI”). This project was awarded to the company Unión Vial Camino del Pacífico, S.A.S (the “Concessionaire” or the “Client”), which is fully owned by the company Sacyr Concesiones.
The Project involves financing, construction, rehabilitation, improvement, commissioning, operation, and maintenance of the Buga–Buenaventura Road corridor (the “Corridor”), which spans 128 kilometers (“km”) in the Department of Valle del Cauca, Colombia. The Project includes improving and maintaining 128km of existing toll roads, rehabilitating 24km, and extending 35 km of sections currently on single to dual carriageways.
The Preconstruction Phase of the Project began in early 2023. The Construction Phase of the Project, which started in August 2024, will last approximately 5 years, while the Operation and Maintenance Phase will extend for up to 29 years from the start date of the concession.
IDB Invest will participate in the project’s financing up to the specified amount, with resources to be used to cover the project's costs until it becomes operational.
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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.
AUTOPISTA BLB ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
450.6 Kb
AUTOPISTA BLB ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
153.6 Kb
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
lbaron@sacyr.com
PHONE NUMBER
+57 313 8517733
POST OFFICE ADDRESS
Calle 99 # 14-45 Bogotá, Colombia.
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(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.
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Early disclosure
5G TOLL ROAD BUGA-BUENAVENTURA FINANCING - ENVIRONMENTAL AND SOCIAL STRATEGY(ESS)
139.9 Kb