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
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
01/30/2018
Approval date
05/01/2018
Signed date
11/12/2018
Sponsoring entity
DP World Limited
Investment Operations Department Contact
Portfolio Management Division
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.
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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
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
alberto.sanchez@dpworld.com
PHONE NUMBER
+593 4 380 4850
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.
ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY
33.6 Kb
ESRS POSORJA PORT.PDF
458.2 Kb
ESRS POSORJA PORT (2).PDF
489.7 Kb