Company name
Infraestructura Educativa II SA
Project number
12340-01
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
Uruguay
Sector
Social Infrastructure
Status
In implementation
Disclosed date
08/02/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/13/2019
Approval date
09/24/2019
Signed date
01/29/2020
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 46,100,000
Financing amount
USD $ 25,000,000
Currency
USD
Project scope and objective
As part of its strategic plan to develop the country's educational infrastructure, the Government of Uruguay is implementing a four-package educational infrastructure program to be developed through Public-Private Partnership (PPP) Contracts. PPP Educativa 2 is the second of these packages. It includes the design, financing, construction, operation, maintenance, and equipment—by the Concessionaire—of 23 schools, 9 technology centers and 10 sports centers. The works will be distributed in the Districts of Artigas, Canelones, Cerro Largo, Colonia, Durazno, Maldonado, Montevideo, Paysandú, Río Negro, Rivera, Rocha, Salto, San José, Tacuarembó, and Treinta y Tres.
The total cost of PPP Educativa 2 amounts to the equivalent of approximately 804 million Indexed Units. The Concessionaire will be entitled to an availability payment as each center is completed, a percentage of which will be dollar denominated. IDB Invest will participate in the project through a 20-year dollar-denominated senior loan of up to approximately US$25 million, to finance the portion of the initial investment denominated in said currency. The loan will be repaid with the dollar portion of the availability payment.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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 OfficesFor inquiries, comments and information requests about the project
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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
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