Company name
Concesionaria Vial Union del Sur SAS
Project number
13522-01
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
05/10/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/23/2021
Approval date
11/23/2021
Signed date
01/01/2022
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 134,000,000
Currency
COP
Project scope and objective
The Rumichaca-Pasto corridor (the “Project) is part of the fourth generation (4G) concession group led by the Government of Colombia through its National Infrastructure Agency (ANI, for its Spanish acronym).
The Project, operated by Concesionaria Vial Unión del Sur (the “Concessionaire”), covers 83 km of roads located in the Department of Nariño (south of Colombia) connecting the border crossing point, located in the international border between Colombia and Ecuador, with the City of Pasto. The Project entails: i) the rehabilitation of 15.7 km between Rumichaca and the San Juan Corregimiento in Ipiales; ii) the construction of 62.1 km of a double roadway between the San Juan and Catambuco Corregimientos, in the City of Pasto (25 km of brand-new double roadway between San Juan and Pilcuán Viejo); and iii) the improvement of 5.2 km of road in the Catambuco-Pasto stretch.
For follow-up purposes, the Project was divided into five functional units (FU) as follows: i) FU1, connecting Rumichaca with Contadero (24.66 km); ii) FU2, between Contadero and Iles (12.27 km); iii) FU3 between Iles and Pedregal (7.20 km); iv) FU4 between Pedregal and Tangua (15.75 km); and v) FU5 between Tangua and Pasto (22.18 km). In April 2021, the progress of the civil works was close to 90%. It is estimated that the works will conclude in 2021.
The Project was originally funded through a medium-term financing structure (usually known as "MiniPerm"). Therefore, it needs to be refinanced. IDB Invest expects to be involved in such refinancing helping mobilize institutional investor resources
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
ejluna@sacyr.com
PHONE NUMBER
+ 57 1 7 44 23 20
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 OfficesFor inquiries, comments and 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.
RUMICHACA PASTO - ENVIRONMENTAL AND SOCIAL SUMMARY REVIEW (ESRS)
414.0 Kb
RUMICHACA PASTO - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
117.8 Kb
RUMICHACA PASTO - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) - 2023 UPDATE
81.9 Kb