Company name
Kuldipsingh Port Facility N.V.
Project number
13062-01
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
Suriname
Sector
Transport
Status
In implementation
Disclosed date
08/06/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/09/2021
Approval date
12/14/2021
Signed date
08/25/2022
Sponsoring entity
Handelmaatschappij Kuldipsingh N.V.
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 14,500,000
Currency
USD
Project scope and objective
Kuldipsingh Port Facility N.V, (“KPF”) the operator of a privately owned port (the “Port”) in Paramaribo, Suriname, to fund certain capital expenditures of the Port, including the expansion of the port’s jetty by 180 meters (from 220m to 400m), land development and the reimbursement to sister companies for expenditures undertaken (the “Project” or the “Operation”).
KPF operates a cargo terminal and is mainly focused on export of logs, providing logistic services to support the oil & gas industry (offshore) and import of construction materials. The terminal has an open storage yard for logs and a warehouse for construction materials and products related with gold mining operations.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
KULDIPSINGH PORT ENVIRONMENTAL AND SOCIAL ASSESSMENT 0.PDF
4.3 Mb
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Contact information
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Client Contact
v.ramkhelawan@kuldipsingh.net
PHONE NUMBER
+597-880-7377
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
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(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
CLASSIFICATION AND ENVIRONMENTAL AND SOCIAL STRATEGY
30.0 Kb
KULDINGSINGH PORT ENVIRONMENTAL AND SOCIAL SUMMARY REPORT (ESRS)
329.2 Kb
KULDIPSINGH PORT ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
117.5 Kb