Company name

DPWorld Posorja S.A.

Project number

12177-01

Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.

E&S category
tooltip

A

Country

Ecuador

Sector

Transport

Status

In implementation

Disclosed date

09/19/2017

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

Projected board date
tooltip

01/30/2018

Approval date

05/01/2018

Signed date

11/12/2018

Sponsoring entity

DP World Limited

Team leader

Biosca, Almudena

Investment type

Syndicated amount

USD $ 199,000,000

Financing amount

USD $ 200,000,000

Currency

USD

Project scope and objective

DPWorld Posorja S.A (the “DPWP” “Company” or “the Borrower”) was awarded in June 2016 a 50-year concession for the development, construction, operation and maintenance of a general purpose deep-water port located at Posorja, about 85 km southwest of Guayaquil, Ecuador (the “Port”).

The project will require a total investment of over US$1.0 billion, and will be developed in two phases. The first phase, that will have a footprint of approximately 40 hectares (ha) and was conceived to achieve an annual handling capacity of 800,000 twenty-foot-equivalent units, is expected to be completed by 2019. It includes land acquisition, dredging of a new access channel and the construction of a 400-meter berth and of a 20-kilometer access road. The port will offer a 15-meter draft compared with the current 9.75-meter draft at the existing Guayaquil port.

The second phase will expand the project’s footprint to a total of 63 ha due to the construction of in ground additional facilities (out of the scope of the proposed financing). The local government is planning to construct a 2,500 ha industrial park immediately adjacent to the port. Construction of the Project’s access road began in May, 2017.

Phase 1 of the Posorja Port project requires a total investment of approximately US$503.8 million. The financial plan is expected to be composed of Equity and Senior Loans comprised by an IIC and IDB A-loans, an IIC B-Loan and Co-Loans from other Development Finance Institutions.

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

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.

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY

33.6 Kb

ESRS POSORJA PORT.PDF

458.2 Kb

ESRS POSORJA PORT (2).PDF

489.7 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

2.1 ENVIRONMENTAL LICENSE FOR CHANNEL DREDGE TERMINAL CONSTRUCTION SPANISH -17-11-16 0.PDF

2.5 Mb

2.2 ENVIRONMENTAL LICENSE FOR ROAD CONSTRUCTION SPANISH - 23-03-16 0.PDF

643.2 Kb

2.4.1 CERTIFICADO DE INTERSECCION CON AREAS PROTEGIDAS - 23-03-16 0.PDF

455.1 Kb

2.4.2 PLAN DE MANEJO AMBIENTAL PLAYAS-POSORJA 0.PDF

2.9 Mb

2.4.3 REGISTRO AMBIENTAL MAE CARRETERA - 12-04-16 0.PDF

2.9 Mb

2-3-2 CAP 02 SIGLAS Y ABREVIATURAS V3.PDF

28.7 Kb

2-3-3 CAP 03 INTRODUCCION V3.PDF

47.7 Kb

2-3-4 CAP 04 MARCO LEGAL V3 (1).PDF

198.3 Kb

2-3-5 CAP 05 DEFINICION DEL AREA DE ESTUDIO V3.PDF

17.6 Kb

2-3-6 CAP 06A LB FISICO V3.PDF

1.5 Mb

2-3-7 CAP 06B LB BIOTICA V3.PDF

3.6 Mb

2-3-8 CAP 06C LB SOCIAL V3.PDF

2.1 Mb

2-3-9 CAP 06D LB ARQUEOLOGICA V3.PDF

895.6 Kb

2-3-10 CAP 07 DESCRIPCION DEL PROYECTO V3.PDF

1.4 Mb

2-3-11 CAP 08 ANALISIS ALTERNATIVAS V3.PDF

74.8 Kb

2-3-12 CAP 09 DETERMINACION AREAS DE INFLUENCIA Y SENSIBLES V3.PDF

341.5 Kb

2-3-13 CAP 10 INVENTARIO FORESTAL V3.PDF

51.3 Kb

2-3-14 CAP 11 EVALUACION DE IMPACTOS V3.PDF

371.8 Kb

2-3-15 CAP 12 ANALISIS DE RIESGOS V3.PDF

465.0 Kb

2-3-16 CAP 13 PMA V3.PDF

3.8 Mb

2-3-17 CAP 14 CRONOGRAMA VALORADO V3.PDF

321.8 Kb

2-3-18 CAP 15 PROCESO DE PARTICIPACION SOCIAL V3.PDF

280.4 Kb

2-3-19 CAP 16 ANEXOS V3.PDF

165.2 Kb

2-3-20 RESPUESTA A OBSERVACIONES V3.PDF

499.8 Kb

2-3-21 RESUMEN EJECUTIVO.PDF

261.9 Kb

2-3-22-1-1-A-1-OBSERVACIONES MAE.PDF

1.9 Mb

2-3-22-1-2-A-1-1-CETIFICADO DE INTERSECCION.PDF

217.2 Kb

2-3-22-1-3-A-1-2-CALIFICACION MAE 2014 - 2016.PDF

133.0 Kb

2-3-22-1-4-A-3-2-BAJA LA DMA-LA-2006-007.PDF

2.9 Mb

2-3-22-1-5-A-3-1-ACTUALIZACION DMA-LA-2006-007-PDF-TZHHNIT-PARTIAL.PDF

5.5 Mb

2-3-22-1-8-A-6B-1-1-PERMISO DE INVESTIGACION MAE-CGZ5-DPAG-2016-1682 (1).PDF

1.5 Mb

2-3-22-1-9-A-6B-1-2-GUIA DE MOVILIZACION.PDF

444.7 Kb

2-3-22-1-10-A-6B-1-3-DEPOSITO MACROINVERTEBRADOS.PDF

422.9 Kb

2-3-22-1-11-A-6D-1-PERMISO INPC R5.PDF

688.8 Kb

2-3-22-4-2-D-10-2-PRONUNCIAMIENTO SOBRE EIA Y PMA-MAE-SGMC-2016-0563.PDF

25.4 Kb

2-3-22-5-1-E-11-1-IDENTIFICACION DE IMPACTOS.PDF

317.9 Kb

2-3-22-5-2-E-11-2-EVALUACION DE IMPACTOS.PDF

299.9 Kb

2-3-22-5-3-E-11-3-JERARQUIZACION DE IMPACTOS.PDF

206.4 Kb

2-3-22-6-1-F-6A-1-1-AGUA SUPERFICIAL 1.PDF

481.7 Kb

2-3-22-6-2-F-6A-1-2-SEDIMENTOS 1.PDF

754.4 Kb

2-3-22-6-3-F-6A-1-3-SUELOS 1.PDF

2.5 Mb

2-3-22-6-4-F-6A-1-4-RUIDO 1.PDF

977.0 Kb

2-3-22-6-5-F-6B-2-BIOTICO 1.PDF

10.6 Mb

2-3-22-6-6-F-6C-3-1-SOCIAL 1.PDF

1.3 Mb

2-3-22-6-7-F-6D-4-1-ARQUEOLOGIA 1.PDF

15.2 Mb

2-3-22-7-1-ANEXO G-4-1 MARCO LEGAL 1.PDF

757.4 Kb

2-3-22-8-2-H-2-APROBACION PPS POSORJA.PDF

217.8 Kb

CAP 01 FICHA TECNICA V3.PDF

809.4 Kb

ENVIRONMENTAL DOCUMENTS ROAD MAP.PDF

502.6 Kb

2-3-22-8-1-H-1-INFORME FACILITADORA - POSORJA +.PDF

59.3 Mb

INFORME IMPACTOS ACUMULATIVOS DPWP V1.0 27062018.PDF

2.5 Mb

For inquiries, comments and information requests about the project

Request information

Learn more about how we provide private-sector solutions in the region.

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

Alberto Sanchez

POSITION

Chief Financial Officer

PHONE NUMBER

+593 4 380 4850

EMAIL

alberto.sanchez@dpworld.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