Company name
Grupo Vía Central
Project number
12278-01
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Uruguay
Sector
Transport
Status
In implementation
Disclosed date
04/30/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/30/2019
Approval date
04/30/2019
Signed date
10/21/2019
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 225,900,000
Financing amount
USD $ 300,000,000
Currency
USD
Project scope and objective
The Project’s objective is to design, construct, finance and maintain the 272-kilometer long railway between Montevideo and Paso de Los Toros in Uruguay. The financing consists of (i) a senior A loan, granted by the IDB Group for an amount of up to US$300 million and a senior B loan for an amount of up to US$160.9 million, provided by two international commercial banks; in addition, the financing will include (ii) a subordinated A loan provided by the IDB Group for an amount of up to US$7.5 million and a subordinated B loan for an amount of up to US$67.5 million.
Amendment: Subsequently, in 2022 IDB Invest approved certain modifications to the financing granted in 2019, including among others the following: (i) a new B Loan for US$250,000,000, (ii) reduction of the IDBG A Loans from US$300,000,000 to US$175,000,000, and (iii) reduction of the IDB Invest B Loan from US$160,900,000 to US$130,450,000.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
1 NOTA-SOLICITUD-DE-AAP PF-MDEO-PDLT.PDF
888.9 Kb
2 DOCUMENTO-DEL-PROYECTO PF-MDEO-PDLT.PDF
39.8 Mb
3 ESIA DESCRIPCION-DEL-MEDIO PF-MVDEO-PDLT-MIN.PDF
11.1 Mb
4 ESIA ANALISIS-AMBIENTAL PF-MVDEO-PDLT.PDF
8.0 Mb
5 PLAN-DE-PREVENCION-DE-RIESGOS-Y-RESPUESTAS-ANTE-CONTINGENCIAS PF-MDEO-PDLT.PDF
1.1 Mb
6 ESIA ANEXOS PF-MDEO-PDLT.PDF
46.4 Mb
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
contacto@grupoviacentral.com
PHONE NUMBER
29160208 extension 293
POST OFFICE ADDRESS
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.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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
94.5 Kb
ANNEX 10 REVIEW SUMMARY (UPDATED ESAP).PDF
444.0 Kb
ESRS CENTRAL RAILROAD.PDF
353.4 Kb
FERROCARRILCENTRAL ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) 2023 UPDATE
133.1 Kb