Troncal del Magdalena II

Company name
Autopista del Rio Grande S.A.S.
Project number
14523-01
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
Proposed
Disclosed date
06/13/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date 
02/06/2024
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Team leader
N/A
Investment type
N/A
Syndicated amount
N/A
Financing amount
USD $ 62,219,700
Currency
COP
Project scope and objective
The Troncal del Magdalena II project (the “Project) is the fourth project of the fifth generation (“5G”) concession program led by the Government of Colombia through its National Infrastructure Agency (“ANI”). The Project is being executed by Autopista del Rio Grande S.A.S. (the “Concessionaire” or the “Client”), formed by KMA Construcciones S.A. (50%) and Ortiz Construcciones y Proyectos S.A. (50%).
The Project considers the financing, construction, improvement, rehabilitation, and maintenance of the Sabana de Torres–Curumaní road (the “Corridor”), which is 272 km long and joins the towns of Sabana de Torres, located in the Department of Santander, with Curumaní, located in the Department of Cesar, running through a small portion of the Department of Norte de Santander.
The Project is currently in pre-construction phase and is estimated to start construction by the end of 2023, during forty-seven (47) months. Afterwards, it will enter in operations phase for a term of 25 years, measured from concession start date (December 01, 2022)
The costs of the Project are estimated at approximately US$550 million and will be financed through a bi-currency miniperm (COP/US$) of up to 8 years, which will be refinanced once the Project is close to entering operation phase. Under the proposed financing, IDB Invest will lend up to COP 250,000 million within the less liquid local currency tranche, helping to mobilize resources from local banks.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
EIA TRAMOS 4 Y 7 (UFS 1, 2, 3, 4, 5, 6, 8, 9, 10) CAP 08 PROGRAMA DE SEGUIMIENTO Y MONITOREO
EIA TRAMOS 4 Y 7 (UFS 1, 2, 3, 4, 5, 6, 8, 9, 10) CAP 09 PLAN DE CONTINGENCIAS Y FUENTES DE MATERIALES
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Contact information
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Client Contact
CONTACT NAME
N/A
POSITION
N/A
PHONE NUMBER
+57 312 3773194
a_medina@autopistadelriogrande.com.co
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.

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Early disclosure
TRONCAL DEL MAGDALENA 2 - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
143.4 Kb