Company name
Itapoá Terminais Portuários S.A
Project number
12216-01
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
Brazil
Sector
Transport
Status
Proposed
Disclosed date
06/12/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/03/2018
Approval date
09/19/2018
Signed date
01/10/2019
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 36,274,400
Currency
BRL
Project scope and objective
The project, under implementation of Itapoá Terminais Portuários S.A, consists of an expansion on the capacity of the quay and storage yard of the Itapoá Container Port, located in Santa Catarina, Brazil. The current Itapoá port has been operating above its capacity for the last two years and the expansion will allow it to adequate to the current market conditions and more efficiently serve the region.
The project includes the following:
• Yard expansion from 146k sqm to 296k sqm.
• Wharf adequacy from 630m to 800m, in order to receive two ships at the same time
• Container handling capacity increase from ~510,000 to ~1.2 mm TEUs
The financing from the IDB Group will consist of either one or two A Loans for an aggregate amount of up to one hundred and fifty million Brazilian Reais (RS$ 150,000,000), each to be funded by IDB Invest and/or the IDB.
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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 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.
ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY
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