Company name

Kuldipsingh Port Facility N.V.

Project number

13062-01

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
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B

Country

Suriname

Sector

Transport

Status

Proposed

Disclosed date

08/06/2020

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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11/09/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

Handelmaatschappij Kuldipsingh N.V.

Team leader

Taylor, Alicia

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 14,500,000

Currency

USD

Project scope and objective

Kuldipsingh Port Facility N.V, (“KPF”) the operator of a privately owned port (the “Port”) in Paramaribo, Suriname, to fund certain capital expenditures of the Port, including the expansion of the port’s jetty by 180 meters (from 220m to 400m), land development and the reimbursement to sister companies  for expenditures undertaken  (the “Project” or the “Operation”).

KPF operates a cargo terminal and is mainly focused on export of logs, providing logistic services to support the oil & gas industry (offshore) and import of construction materials. The terminal has an open storage yard for logs and a warehouse for construction materials and products related with gold mining operations.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

CLASSIFICATION AND ENVIRONMENTAL AND SOCIAL STRATEGY

30.0 Kb

KULDINGSINGH PORT ENVIRONMENTAL AND SOCIAL SUMMARY REPORT (ESRS)

329.2 Kb

KULDIPSINGH PORT ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

117.5 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

KULDIPSINGH PORT ENVIRONMENTAL AND SOCIAL ASSESSMENT 0.PDF

4.3 Mb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Mr. Vinood Ramkhelawan BBA

POSITION

General Manager

PHONE NUMBER

+597-880-7377

EMAIL

v.ramkhelawan@kuldipsingh.net

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices