Company name
Grupo Portuario
Project number
CO3928A-02
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
Colombia
Sector
Transport
Status
Inactive
Disclosed date
N/A
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/28/2016
Approval date
10/25/2016
Signed date
N/A
Sponsoring entity
N/A
Team leader
De Narvaez, Olga Lucia
Investment type
Syndicated amount
N/A
Financing amount
USD $ 2,000,000
Currency
USD
Project scope and objective
Grupo Portuario S.A. is a company established in 1996 that manages and operates Wharf 13 of the Buenaventura maritime terminal. The Port of Buenaventura is one of the largest ports of South America’s Pacific coast and the largest in Colombia in terms of cargo, handling approximately 40% of the country’s total cargo volume. Wharf 13 is a multipurpose wharf that handles a variety of activities, including general cargo, solid bulk cargo, and coal. This wharf was assigned to Grupo Portuario by the Revolving Fund of the Colombian Navy (currently the logistics agency of the Armed Forces) through a leasing agreement. Grupo Portuario handles 18.2% of the Port of Buenaventura’s total cargo, excluding container cargo and liquid bulk cargo, which Grupo Portuario does not handle.
The objective of this IIC operation is to finance the purchase of equipment associated with the company’s cargo handling operations in order to increase their efficiency.
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Contact information
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CONTACT NAME
N/A
POSITION
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PHONE NUMBER
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IDB Invest Contact
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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.
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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