Company name
Concesionaria Ruta del Cacao S.A.S.
Project number
12252-01
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
03/13/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date 
03/27/2018
Approval date
04/24/2018
Signed date
10/25/2018
Sponsoring entity
N/A
Team leader
Perez, Alfonso
Investment type
Syndicated amount
N/A
Financing amount
USD $ 133,302,000
Currency
COP
Project scope and objective
The Bucaramanga – Barrancabermeja – Yondó corridor, also known as “Ruta del Cacao” (“the Project” or “Ruta del Cacao”), is part of a fourth generation (4G) group of concessions being spearheaded by the Government of Colombia via its National Infrastructure Agency (Agencia Nacional de Infraestructura – ANI). The project, which covers a total area of 190.6 km in length, is primarily located in the Department of Santander, with a portion in the Department of Antioquia.
The project is divided into nine functional units (Unidades Funcionales – UF), namely: (i) UF1 Yondó – Guillermo Gaviria Bridge – La Virgen – Rancho Camacho, which is 40.45 km in length and entails the rehabilitation of 10.37 km, and the operation and maintenance of 30.08 km, of the existing road; (ii) UF2 Barrancabermeja – El Retén – La Virgen – La Lizama, which involves the rehabilitation of the 3.2 km dual carriageway road between Barrancabermeja and El Retén; the operation and maintenance of the existing 26.95 km road between El Retén and La Lizama; and construction of the second carriageway—21.05 km in length—between La Virgen and La Lizama; (iii) UF3 La Fortuna – La Paz Bridge – Capitancitos – Lisboa, which consists of improvements to the existing 17.9 km road between La Fortuna and La Paz Bridge and maintenance and operation of the 19.7 km road between La Paz Bridge – Lisboa; (iv) UF4 La Fortuna – La Paz Bridge, which entails the construction of a second 17.97 km lane; (v) UF5 La Paz Bridge – Santa Rosa (entrance, La Paz Tunnel), which includes construction of a 14.76 km single lane; three bridges that total 1.6 km; and two viaducts that total 0.8 km; (vi) UF6 La Paz Tunnel, which involves construction of the 3.17 km La Paz Tunnel; (vii) UF7 Río Sucio – Lisboa, 6.4 km in length, consisting of the construction of the 2.2 km La Sorda tunnel; 3.3 km of open road; and four bridges that total 0.99 km in length; (viii) UF8 Lisboa – Portugal, which includes construction of two lanes, 3.2 km each; and (ix) UF9 Portugal – Lebrija, which entails rehabilitation of the existing 12.4 km road and the construction of a second lane, of the same length, parallel to the first.
The IDB Invest's involvement will help supplement long-term financing, in collaboration with international commercial banks and local banks providing resources in US dollars and Colombian pesos.
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Contact information
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Client Contact
CONTACT NAME
Pablo Cano
POSITION
Finance Manager
PHONE NUMBER
+ 57 7 680-1310
pablocano@mercantilcolpatria.com
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
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 SUMMARY
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ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY - RUTA DEL CACAO
515.8 Kb