Company name
Vía 40 Express
Project number
12078-02
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
Inactive
Disclosed date
03/20/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
02/08/2022
Approval date
N/A
Signed date
N/A
Sponsoring entity
Conconcreto y Vinci Highways
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 94,531,200
Currency
COP
Project scope and objective
The loan involves the rehabilitation of 145 kilometers of highway divided into eight functional units between Bogota and Girardot, a key section of the Bogotá – Buenaventura corridor. Construction works include the addition of a third lane extending 65 kilometers from the entrance to the Sumapaz tunnel in Melgar to the highway’s intersection with the road to Sibaté and the rehabilitation of the Sumapaz tunnel (4.2 km).
The IDB Group would grant a loan for up to 375 billion Colombian pesos with a term of 15 to 18 years and the Colombian peso loan will be indexed according to the CPI. The IDB Group loan would be supplemented by other short- and long-term loans from local and international banks, debt funds and possibly capital market issues. The project is expected to generate direct and indirect employment and to have a positive impact on connectivity between Bogota and the 4G road network that joins the capital to the Pacific coast ports, which are strategic to the country’s economy.
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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 OfficesFor inquiries, comments and information requests about the project
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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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