Company name
Grupo Desarrollador de Parques Industriales S.A. (“GDPI”o la “Compañía”)
Project number
13275-01
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
Costa Rica
Sector
Manufacturing
Status
In implementation
Disclosed date
01/28/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/15/2021
Approval date
10/15/2021
Signed date
12/23/2021
Sponsoring entity
Grupo Guerrero
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 3,000,000
Financing amount
USD $ 17,000,000
Currency
USD
Project scope and objective
This transaction is a combined long-term and medium-term corporate loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A. ("GDPI" or the "Company"). GDPI is part of the Guerrero Group, and its purpose is to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela.
The proposed financing is for the construction of several industrial buildings within this park, which will increase the availability of industrial facilities in the country. This will attract Direct Foreign Investment, mainly focused on life sciences, technology, and shared services clusters, and aligned with the global trend of "Near-shoring", where Costa Rica is a significant regional player.
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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.
GUERRERO PARK - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
215.0 Kb
GUERRERO PARK - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
133.1 Kb