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 
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
11/15/2022
Approval date
11/15/2022
Signed date
11/22/2022
Sponsoring entity
N/A
Team leader
Mendoza Yauri, Franklin Augusto
Investment type
Syndicated amount
N/A
Financing amount
USD $ 20,000,000
Currency
CLP, COP
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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Contact information
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Request informationAlternatively, you may also use the following contact information:
Client Contact
CONTACT NAME
Christian Klapp
POSITION
Finance Manager
PHONE NUMBER
(+56) 992436877
cklapp@royalamerica.com
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.
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