Company name
Zona Franca La Lima S.R.L
Project number
15499-01
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
Proposed
Disclosed date
11/03/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/24/2025
Approval date
11/24/2025
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
The project consists of providing a revolving loan of US$5 million, with a 60-month term, to Zona Franca La Lima (ZFLL), the only industrial park operating under the Free Trade Zone Regime in the province of Cartago, Costa Rica. The structure offers a longer tenor than local revolving credit lines and provides flexibility in the use of funds, which will be allocated to the purchase of land, the development of shared services areas in multi-tenant buildings, and the development of common areas to complete the infrastructure of the lots and properties to be built.
Strategically located in Cartago, ZFLL has more than 257,000 m² of developed space and hosts leading companies in advanced manufacturing, medical devices, and services. The main objective of the financing is to support the expansion and modernization of the park, leveraging the projected growth in job creation and attraction of foreign direct investment, under principles of sustainability, operational efficiency, and inclusion.
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Contact information
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Client Contact
PHONE NUMBER
+506 2104-0550
POST OFFICE ADDRESS
Provincia de Cartago, Cartago Costa Rica
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For 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.
LA LIMA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
102.4 Kb
LA LIMA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
174.1 Kb