Company name
Terminal Zárate S.A.
Project number
AR3901A-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
Argentina
Sector
Transport
Status
Completed
Disclosed date
04/16/2010
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/18/2010
Approval date
05/18/2010
Signed date
07/06/2010
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 7,000,000
Financing amount
USD $ 7,000,000
Currency
USD
Project scope and objective
Terminal Zárate (TZ) is an Argentine, privately owned multipurpose port terminal located in the city of Zárate, Province of Buenos Aires. It operates as a container, general cargo, and vehicle terminal, and provides complementary services.
The IIC loan will comprise an A loan and a B loan for a total of up to US$14 million. The purpose of the loan is to provide financing for infrastructure work to expand the pier and the container yard, improve the vehicle parking lot, and purchase new equipment. The IIC will syndicate part of the loan to attract other banks to provide Terminal Zárate with financing on the same terms. The IIC loan will help the company boost its operations by making cash flow planning easier.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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.
For 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.
ENVIRONMENTAL AND SOCIAL REVIEW
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