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Company name

Arrendamiento de Máquinas Royal Rental S.A. (Chile) and Royal Rental Colombia S.A.S. (Colombia)

Project number

13959-01

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
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B

Country

Regional

Sector

Manufacturing

Status

In implementation

Disclosed date

08/16/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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11/15/2022

Approval date

11/15/2022

Signed date

11/22/2022

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 20,000,000

Currency

CLP, COP, USD

Project scope and objective

This operation (the “Project”) consists of total financing of up to US$20 million with a tenor of up to seven years for the company Royal América in Chile and Colombia. Of this total, US$15 million will be granted to Arrendamiento de Máquinas Royal Rental S.A. in Chile and US$5 to Royal Rental Colombia S.A.S. in Colombia. In both cases, the funds will be used mainly for the import of electrical equipment for subsequent lease or sale.

 

Royal América is a regional group dedicated to the leasing of electrical machinery used in distribution centers and for the movement of industrial cargo, with more than 20 years of experience and operations in Chile, Colombia, and Ecuador. Through this Project, IDB Invest will be able to contribute to the development of green mobility in the logistics sector in Chile and Colombia, with an impact on sectors as: food, retail, agriculture, and industry, among others.

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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.

ROYAL AMERICA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

286.7 Kb

ROYAL AMERICA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

122.9 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

cklapp@royalamerica.com

PHONE NUMBER

(+56) 992436877

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .