Company name

Fontibón ZE S.A.S

Project number

13896-01

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
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B

Country

Colombia

Sector

Transport

Status

Proposed

Disclosed date

08/22/2022

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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09/30/2022

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Layton Herrera, Elizabeth

Investment type

Syndicated amount

USD $ 10,000,000

Financing amount

USD $ 24,980,000

Currency

USD

Project scope and objective

The transaction consists of a loan to acquire a fleet of 172 electric buses and build the recharging infrastructure for the provision of mass transportation service in the Fontibón area of the city of Bogotá, the capital district of Colombia, following the Concession contract N° 107 of 2021 signed between Empresa de Transporte del Tercer Milenio - Transmilenio S.A., manager of the public transport system in the city, and Fontibón ZE S.A.S. The approximate cost of the project is up to US$75 million and the expected participation of IDB Invest is up to US$ 25 million or its equivalent in Colombian Pesos.

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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.

GUAGUA ELECTRIC BUS - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

302.1 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Daniel Arenas

POSITION

Head of Corporate Development

PHONE NUMBER

+57 601-580 1000

EMAIL

comunicacionesenelx@enel.com

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

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