Company name
Autopista Rio Magdalena 2 S.A.S.
Project number
12107-01
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
Inactive
Disclosed date
09/27/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/22/2021
Approval date
N/A
Signed date
N/A
Sponsoring entity
OHL Concesiones S.A.
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 30,000,000
Financing amount
USD $ 70,000,000
Currency
USD
Project scope and objective
Located in Antioquia Department, the Magdalena River Highway 2 (the Project) is a key communication link connecting the department with the Magdalena River and providing an outlet to the Atlantic coast through integration with the Vías del Nus, Conexión Norte, and Ruta del Sol projects.
The project is divided into functional units (Unidades Funcionales - UF) and includes the construction of a new 37 km road between Remedios and Vegachí (UF01), a new 35 km road between Vegachí and Alto de Dolores (UF02), the rehabilitation and improvement of the existing 49 km road between Alto de Dolores and Puerto Berrio (UF03), the construction of a 15 km alternate route in Puerto Berrío (UF04a), and improvements along 10 km of the connection between the alternate to Puerto Berrío and the Ruta del Sol (UF04b)). The project also includes the construction of 42 small bridges and a 1.5 km long bridge over the Magdalena River.
The IIC’s participation in the financing will help to supplement long-term US dollar financing for the project, in collaboration with international commercial banks and local banks contributing financing in Colombian pesos.
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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
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