Puerto Bahía Colombia de Urabá S.A.
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
CMA Terminal Holding, Eiffage Infrastructure S.A.S, Agrícola Santamaría S.A.S, C.I.Uniban S.A.,C.I. Banacol S.A., C.I.Banafrut S.A., C.I. Tropical S.A., Puertos, Inversiones y Obras S.A.S. (“PiO”), Instituto para el Desarrollo de Antioquia (IDEA)
USD $ 266,700,000
USD $ 150,000,000
Project scope and objective
The project consists of the design, construction, operation and maintenance of a greenfield multipurpose port facility located in the Gulf of Urabá, Antioquia, Colombia, under a 30-year concession contract (the “Project”). The Project will build up on existing and captive traffic (major shipping lines already call at Urabá despite the lack of modern port facilities), becoming the main outlet for Urabá’s banana and fruit exports, which represent 75% of Colombian banana exports. Due to its location and logistic cost advantages, it is also expected that Puerto Antioquia will divert cargo in/out of Medellin (2nd largest city in Colombia and main international trade region in Colombia), in/out Bogotá and their surrounding areas.
Project Cost is estimated at US$650 million, including; (i) an offshore deck with 1337 meters of berth (570 for container, 537 for bulk & general cargo, 230 for RoRo) capable of handling super post-Panamax vessels; (ii) a 3.8km viaduct and access road that connects the offshore deck with the inland terminal; and (iii) 38ha inland terminal/logistic facilities, including a container yard, dry-bulk storage facilities, warehouses, inspection areas, maintenance and admin buildings and utilities. The Project’s initial handling capacity is of 600,000 TEU (expansible to 800,000 TEU), 1.15M tones of general cargo/year, three million tons of bulk cargo, and 60,000 vehicles. The Project currently has land access routes, but prior to start of operations there will be an alternate road build of 13Km, in order to allow for the progressive expansion of port operations.
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