Skip to main content

Company name

TERMINAL CUENCA DEL PLATA

Project number

13502-01

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
tooltip

B

Country

Uruguay

Sector

Transport

Status

In implementation

Disclosed date

10/14/2022

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

Projected board date
tooltip

06/27/2023

Approval date

06/27/2023

Signed date

12/13/2023

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

USD $ 46,000,000

Financing amount

USD $ 175,000,000

Currency

USD

Project scope and objective

In February 2021, within the framework of a broad agreement between the Government of the Eastern Republic of Uruguay and Katoen Natie ("KN"), the majority shareholder of TCP, these parties agreed to expand the infrastructure of the specialized container terminal of the port of Montevideo. According to present estimates, the Borrower will invest an amount exceeding US$600 million in order to position the port as a regional and competitive Hub in the region. Said investment will contemplate, among the most significant, the following: ( i) new gantry cranes and horizontal transfer equipment; (ii) expansion and modernization of truck access at the Terminal; (iii) new paving of the original container yard; and (iv) new computer systems.

Once the works are completed, the port of Montevideo will have a specialized state-of-the-art container terminal, which will at least double its annual capacity and will allow it to serve the most modern ships (400m). The two docks, which will total more than 1,300m, will allow TCP to operate 4 container ships simultaneously. Likewise, this increase in capacity and concentration of cargo will improve the efficiency of the operation and reduce costs per container, with the aim of placing Montevideo in a privileged place on the map of transit cargo exchange routes. and transshipment, consolidating its strategic position and attracting cargo to said port.

For inquiries, comments and information requests about the project

Request information

Learn 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.

TCP - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

215.0 Kb

TCP - ENVIRONMENTAL AND SOCIAL SUMMARY REPORT (ESRS)

450.6 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

TCP - PORT EXPANSION PROGRAM - EIA - TOMO I

17.2 Mb

TCP - PORT EXPANSION PROGRAM - EIA - TOMO II

43.6 Mb

TCP - PORT EXPANSION PROGRAM - EIA - ANEXOS

57.8 Mb

TCP - EVALUACIÓN Y GESTIÓN DE IMPACTOS ACUMULATIVOS

12.2 Mb

For inquiries, comments and information requests about the project

Request information

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

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information :

Client Contact

EMAIL

rodolfo.laporta@Katoennatie.com.uy

PHONE NUMBER

+598 29 15 8556 EXT 2239

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

Request information

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