Company name
Grupo Portuario S.A.
Project number
CO3928A-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
Transport
Status
Completed
Disclosed date
02/03/2012
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/06/2012
Approval date
07/23/2012
Signed date
11/01/2012
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 5,856,000
Financing amount
USD $ 3,000,000
Currency
USD
Project scope and objective
Grupo Portuario S.A. was founded in February 1996. It manages and operates one of the wharves of the Buenaventura Marine Terminal, Wharf 13. Buenaventura is Colombia’s main port, moving roughly 40 percent of the country’s cargo. Wharf 13 is a multipurpose wharf that handles different types of cargo, especially bulk and loose cargo, motor vehicles, and containers. This wharf was assigned to Grupo Portuario by the Colombian Navy’s Revolving Fund (currently the Armed Forces Logistics Agency) through a leasing agreement.
The objective of the IIC operation is to finance the expansion of Wharf 13, an investment of around US$10 million. This expansion will enable Grupo Portuario to expand its installed capacity by some 35 percent and meet the growing demand. The loan requested from the IIC is for up to US$5 million.
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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
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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