Company name
Mountain Lodges of Peru S.A.C. (“MLP”)
Project number
PE3951A-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
Peru
Sector
Tourism
Status
In implementation
Disclosed date
11/06/2012
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/11/2012
Approval date
12/21/2012
Signed date
12/27/2013
Sponsoring entity
Not applicable
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 1,700,000
Financing amount
USD $ 3,000,000
Currency
USD
Project scope and objective
MLP is an SME specializing in tourist services that include world-class guest lodging in mountain lodges, hiking tours, horseback riding, as well as adventure and cultural tourism activities, centered primarily in Peru’s Department of Cuzco.
Established in 2001, the company began as a hotel on the outskirts of Lima. In 2008, it began operating tourism services at destinations along the Salkantay trail, where it operates five mountain lodges that primarily cater to travelers from the United States and Europe.
The IIC’s participation is aimed at providing financing for the construction and furbishing of three mountain lodges along the Lares trail to Machu Picchu. MLP’s lodges on the Lares trail will be an outgrowth of the facilities it currently operates on the Salkantay trail. Of the three mountain lodges, only one—Huacahuasi—will be located in a remote rural area. The other two, Lamay and Ollantaytambo, will be built in developed areas.
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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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org 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 mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
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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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