Company name
Puerto Bahía Colombia de Urabá S.A.
Project number
12378-01
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
Colombia
Sector
Transport
Status
In implementation
Disclosed date
03/22/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/01/2019
Approval date
12/11/2019
Signed date
12/30/2021
Sponsoring entity
CMA Terminal Holding, Eiffage Infrastructure S.A.S, Agrícola Santamaría S.A.S, C.I.Uniban S.A.,C.I. Banacol S.A., C.I.Banafrut S.A., C.I. Tropical S.A., Puertos, Inversiones y Obras S.A.S. (“PiO”), Instituto para el Desarrollo de Antioquia (IDEA)
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 173,000,000
Currency
USD
Project scope and objective
The project consists of the design, construction, operation and maintenance of a greenfield multipurpose port facility located in the Gulf of Urabá, Antioquia, Colombia, under a 30-year concession contract (the “Project”). The Project will build up on existing and captive traffic (major shipping lines already call at Urabá despite the lack of modern port facilities), becoming the main outlet for Urabá’s banana and fruit exports, which represent 75% of Colombian banana exports. Due to its location and logistic cost advantages, it is also expected that Puerto Antioquia will divert cargo in/out of Medellin (2nd largest city in Colombia and main international trade region in Colombia), in/out Bogotá and their surrounding areas.
Project Cost is estimated at US$650 million, including; (i) an offshore deck with 1337 meters of berth (570 for container, 537 for bulk & general cargo, 230 for RoRo) capable of handling super post-Panamax vessels; (ii) a 3.8km viaduct and access road that connects the offshore deck with the inland terminal; and (iii) 38ha inland terminal/logistic facilities, including a container yard, dry-bulk storage facilities, warehouses, inspection areas, maintenance and admin buildings and utilities. The Project’s initial handling capacity is of 600,000 TEU (expansible to 800,000 TEU), 1.15M tones of general cargo/year, three million tons of bulk cargo, and 60,000 vehicles. The Project currently has land access routes, but prior to start of operations there will be an alternate road build of 13 Km, in order to allow for the progressive expansion of port operations.
Amendment: The project's total funding has increased to US$706.2 million since its initial approval in 2019. This includes the following components: (i) an offshore deck with 4 berths capable of handling post-Panamax vessels; (ii) a viaduct and an access road connecting the marine deck to the inland terminal; (iii) land terminal/logistics facilities; and (iv) a 115 kv transmission line. The IDB Group and IDB Invest's managed funds exposure to the project will be US$223 million.
The initially planned 13 km road has been discarded. The new plan is to build a 4.3 km bypass around Nueva Colonia and make some improvements to the existing road from Río Grande to Nueva Colombia. These works will be provided by the National Government.
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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
shernandez@puerto-antioquia.com
PHONE NUMBER
+57 4 828 32 83
POST OFFICE ADDRESS
Cr. 100 con Cl. 89 Edificio Centro Empresarial Santa Maria, piso 9 Apartadó, Antioquia Colombia
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 OfficesFor inquiries, comments and information requests about the project
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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.
EARLY DISCLOSURE
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