Troncal del Magdalena II
Autopista del Rio Grande S.A.S.
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 62,219,700
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.
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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