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
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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
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10/28/2016

Approval date

10/25/2016

Signed date

N/A

Sponsoring entity

N/A

Team leader

De Narvaez, Olga Lucia

Investment type

Financing requested

N/A

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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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

34.5 Kb

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Contact information

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Client Contact

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POSITION

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PHONE NUMBER

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EMAIL

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices