Company name

Grupo Desarrollador de Parques Industriales S.A. (“GDPI”o la “Compañía”)

Project number

13275-01

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

Costa Rica

Sector

Manufacturing

Status

Proposed

Disclosed date

01/28/2021

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

Projected board date
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10/15/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

Grupo Guerrero

Team leader

Fonseca, Juan Reyes

Investment type

Financing requested

N/A

Syndicated amount

USD $ 3,000,000

Financing amount

USD $ 17,000,000

Currency

USD

Project scope and objective

This transaction is a combined long-term and medium-term corporate loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A. ("GDPI" or the "Company"). GDPI is part of the Guerrero Group, and its purpose is to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. 



The proposed financing is for the construction of several industrial buildings within this park, which will increase the availability of industrial facilities in the country. This will attract Direct Foreign Investment, mainly focused on life sciences, technology, and shared services clusters, and aligned with the global trend of "Near-shoring", where Costa Rica is a significant regional player.



 


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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.

GUERRERO PARK - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

215.0 Kb

GUERRERO PARK - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

133.1 Kb

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Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

IDB Invest Communication Group

POSITION

Executive Director

PHONE NUMBER

+(506) 4052-5977

EMAIL

czacapa@thegreenparkfz.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