Company name
Consorcio HPH Joint Venture
Project number
15733-01
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
Panama
Sector
Transport
Status
Proposed
Disclosed date
09/08/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/25/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 200,000,000
Currency
USD
Project scope and objective
The transaction consists of an A/B financing of up to US$400 million for the purchase of Non Objection Certificates (CNOs) issued by Metro de Panama for the construction of the tunnel of Metro Line 3. The project is expected to generate a significant development impact by supporting economic growth and improving urban mobility in the country.
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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.
METRO L3 - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS O ESAP)
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METRO L3 - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS O ESRS)
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Contact information
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Client Contact
PHONE NUMBER
(+82) 2 746 2805
POST OFFICE ADDRESS
Hyundai Building, 75, Yulgok-ro, Jongno-gu, Seoul, Republic of Korea
IDB Invest Contact
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 [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 .
Early disclosure
For projects with high environmental or social risk an Environmental and Social Strategy (ESS) is prepared early on during the project appraisal and prior to carrying out the environmental and social due diligence (ESDD). The ESS includes the initial E&S risk categorization and a brief description of potential Performance Standards applicable to the project. The ESS for this project is available below. Together with the ESS, IDB Invest also provides access to the client’s preliminary E&S documents that will be reviewed during the ESDD. The client E&S documents for this project can be found under the “CLIENT FILES” section below. Once the environmental and social due diligence is completed, an Environmental and Social Review Summary (ESRS) for the Project will be published on this page.
LINE 3 METRO PANAMA - CLASSIFICATION AND ENV AND SOCIAL STRATEGY - ENG - 08 SEPT 2025
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