Company name
Solxir S.A.
Project number
15384-01
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
Uruguay
Sector
Transport
Status
Proposed
Disclosed date
08/19/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/23/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
Grupo RAS
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 10,000,000
Financing amount
USD $ 20,000,000
Currency
USD
Project scope and objective
Solxir S.A., a subsidiary of Grupo RAS (“the Group”), is a vertically integrated transportation and logistics conglomerate headquartered in Uruguay, with operations across Latin America and over three decades of industry experience. As part of its strategic growth plan, the Group is seeking a secured senior loan of up to US$20 million to acquire cutting-edge locomotives and railway equipment. This investment will support the launch of freight transport operations along Uruguay’s Central Railway. The new locomotives will link the Group’s flagship logistics hub, Parque Industrial Ruta 5 (PIR5), with the Port of Montevideo and key towns and industrial zones throughout the country’s interior, enhancing Uruguay’s multimodal logistics capabilities, boosting operational efficiency, lowering logistics costs, and reducing greenhouse gas emissions.
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Contact information
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Client Contact
PHONE NUMBER
+598 92 963 162
POST OFFICE ADDRESS
Guatemala s/n, Recinto Portuario, Puerto de Montevideo, Uruguay.
IDB Invest Contact
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 [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
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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.
GRUPO RAS - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS O ESRS)
1013.8 Kb
GRUPO RAS - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS O ESAP)
409.6 Kb