Company name
Fontibón ZE S.A.S
Project number
13896-01
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
In implementation
Disclosed date
08/22/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/30/2022
Approval date
09/30/2022
Signed date
11/18/2022
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 10,000,000
Financing amount
USD $ 24,971,200
Currency
COP, USD
Project scope and objective
The transaction consists of a loan to acquire a fleet of 172 electric buses and build the recharging infrastructure for the provision of mass transportation service in the Fontibón area of the city of Bogotá, the capital district of Colombia, following the Concession contract N° 107 of 2021 signed between Empresa de Transporte del Tercer Milenio - Transmilenio S.A., manager of the public transport system in the city, and Fontibón ZE S.A.S. The approximate cost of the project is up to US$75 million and the expected participation of IDB Invest is up to US$ 25 million or its equivalent in Colombian Pesos.
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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
comunicacionesenelx@enel.com
PHONE NUMBER
+57 601-580 1000
POST OFFICE ADDRESS
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 OfficesFor inquiries, comments and information requests about the project
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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.
GUAGUA ELECTRIC BUS - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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