Company name
Rafael A. Burgos & Cia., Inmobiliaria La Isabela, Cia. Import & Exports
Project number
DR1031A-01
N/A
E&S category
N/A
Country
Dominican Republic
Sector
Manufacturing
Status
Inactive
Disclosed date
03/16/1999
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/15/1999
Approval date
04/15/1999
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
USD
Project scope and objective
The objective of the project is to expand the Hainamosa free trade zone by constructing twenty-one buildings to provide 400,000 square feet of additional industrial space. The additional leasing space will allow the company to generate additional revenues with minor increases in the current operating expenses. The IIC will extend a seven year US$4.55 million long-term loan to support the company’s US$9.1 million expansion program.
The project is expected to result in the creation of 4,300 jobs in the free trade zone. It is also projected to increase the company’s value added contribution to the local economy by about US$16.9 million over the projected period.
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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
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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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