Company name
Yilport Terminal Operations S.A.
Project number
12187-01
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
Hold
Disclosed date
02/21/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/06/2021
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 85,000,000
Currency
USD
Project scope and objective
The Puerto Bolívar transport project (the "Project") aims to finance the capital expenditure required for the first stage of an investment plan for the modernization, operation and maintenance activities of the Puerto Bolívar Port Terminal, located at the province of El Oro, Ecuador. This investment will expand the port’s capacity to operate containers from 120,000 TEUs to up to 600,000 TEUs per year and will modernize the infrastructure and technology for a more efficient operation. The total estimated cost of the Project is up to US $ 350 million, which will be financed through an A loan from the IDB Group of up to US $ 100 million. The financing plan will be completed with the participation of other commercial banks and / or multilateral organizations and capital contributions by the Project sponsor and 100% Shareholder: “Yilport Holding A.S.” (the “Company”) with a debt-capital ratio of not less than 30/70.
Ecuador is one of the largest banana and shrimp exporters in the world. It is estimated that up to half of the annual export of bananas in Ecuador could be captured by Puerto Bolívar due to its strategic location in the Pacific Ocean. Shrimp is a highly strategic product for the country and for the first time, in 2017 was ranked as the first in terms of value (3,038 M USD for shrimp vs 3,035 M USD for the banana) contribution to the country's exports (among non-petroleum exports). Both products are perishable goods, so the increase in containerization capacity associated with this project will be essential for the improvement of export capacity for the region and the country, especially considering that reefer containers must be positioned empty, as well as with the pre-trip process done in Ecuador.
The Project is part of the privatization process of the existing Puerto Bolívar. Yılport Terminal Operations SA – Ecuador has been granted a concession for 50 years to operate the existing port assets and made some new investments. At the end of the concession period it is expected that all assets will be transferred to the Port Authority.
The first phase to be financed will take approximately 3 years and is aimed at increasing the port capacity to up to 600.000 TEU per year. The capex plan will include dredging works, which will deepen the draft to -16.50 meters, a new 450-meter long quay and the acquisition of new cargo handling equipment.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO
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PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO - ANEXO 1
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PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO - ANEXO 2
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PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO - ANEXO 3
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PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO - ANEXO 4
2.4 Mb
PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO - ANEXO 5
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PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO - ANEXO 6
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PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO - ANEXO 7
6.5 Mb
PUERTO BOLÍVAR - EIA EXPANSIÓN DEL PUERTO - ANEXO 8
19.9 Mb
PUERTO BOLÍVAR - LICENCIA AMBIENTAL EXPANSIÓN DEL PUERTO
2.3 Mb
PUERTO BOLÍVAR - EIA ACTIVIDADES DE DRAGADO
14.6 Mb
PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXOS 1 A 3
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 4
14.5 Mb
PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 5
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 6
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 7
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXOS 8 Y 9
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 10
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 11
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 12
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 13
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PUERTO BOLIVAR - EIA ACTIVIDADES DE DRAGADO - ANEXO 14
8.6 Mb
PUERTO BOLÍVAR - LICENCIA AMBIENTAL ACTIVIDADES DE DRAGADO
4.0 Mb
PTO BOLIVAR EIA 2020 I. PRESENTACIÓN Y DESCRIPCIÓN DEL PROYECTO.PDF
4.6 Mb
PTO BOLIVAR EIA 2020 IV.B. EVALUACIÓN DE RIESGOS DE CAMBIO CLIMÁTICO.PDF
686.4 Kb
PTO BOLIVAR EIA 2020 IV.C. EVALUACIÓN DERECHOS HUMANOS.PDF
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PTO BOLIVAR EIA 2020 V.B. EVALUACIÓN DE IMPACTOS ACUMULATIVOS.PDF
2.4 Mb
PTO BOLIVAR EIA 2020 VI. ANÁLISIS DE ALTERNATIVAS.PDF
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PTO BOLIVAR EIA 2020 VIII. CONSULTA Y DIVULGACIÓ DE INFORMACIÓN.PDF
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PTO BOLIVAR EIA 2020 II. AREA DE INFLUENCIA Y SENSIBLES.PDF
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PTO BOLIVAR EIA 2020 III.A. LÍNEA BASE AMBIENTAL.PDF
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PTO BOLIVAR EIA 2020 III.B. LÍNEA BASE DE BIODIVERSIDAD.PDF
3.9 Mb
PTO BOLIVAR EIA 2020 III.B. EVALUACIÓN DE HÁBITATS SENSIBLES.PDF
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PTO BOLIVAR EIA 2020 III.B. SERVICIOS ECOSISTEMICOS.PDF
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PTO BOLIVAR EIA 2020 III.C. LÍNEA BASE SOCIAL.PDF
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PTO BOLIVAR EIA 2020 III.D. LÍNEA BASE CULTURAL.PDF
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PTO BOLIVAR EIA 2020 IV.A. MEDICIÓN GEI 2019-2020.PDF
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PTO BOLIVAR EIA 2020 IV.D. EVALIACIÓN DE TRÁFICO PORTUARIO.PDF
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PTO BOLIVAR EIA 2020 V.A. EVALUACIÓN DE IMPACTOS AMBIENTALES Y SOCIALES.PDF
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PTO BOLIVAR EIA 2020 VII. PLAN DE GESTIÓN AMBIENTAL Y SOCIAL.PDF
487.0 Kb
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Contact information
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Request informationAlternatively, you may also use the following contact information :
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 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(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn 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.
PUERTO BOLIVAR - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
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