Company name
Rio Cobre Water Limited
Project number
14690-01
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
Jamaica
Sector
Water and Sanitation
Status
Proposed
Disclosed date
12/15/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
03/27/2024
Approval date
03/27/2024
Signed date
N/A
Sponsoring entity
Capital Infrastructure Group and VINCI Construction Grands Projects
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 28,130,700
Currency
JMD
Project scope and objective
The objective of Rio Cobre Water Treatment Plant (the “Project”) is to treat raw water from the Rio Cobre River, pump it into the newly replaced water pipeline and convey the treated water towards Kingston & St. Andrew, Portmore and Spanish Town in Jamaica to reduce the water shortfall. The Project is designed to replace the aged water pipeline, construct new water treatment facilities, and operate them with the proper maintenance to treat 15 million imperial gallons per day of raw water under a public private partnership agreement (the “Water Purchase Agreement”) between the National Water Commission (the “NWC) and the RCWL. Once the project is commissioned, the RCWL will operate and maintain the Project for a period of 23 years, with an option to renew by mutual agreement with the NWC for an additional 5 years.
Subject to due diligence, IDB Invest will provide up to US$30 million equivalent in Jamaican dollars as a part of syndicated loans for the RCWL. The project cost is approximately US$75 million in JMD equivalent, and the requested financing amount from the RCWL is up to US$60 million in Jamaican dollar equivalent by means of syndicated loans. The funds raised will be used to finance, build, and commission the Project.
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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 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.
RIO COBRE WATER TREATMENT PLANT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
450.6 Kb
RIO COBRE WATER TREATMENT PLANT - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
133.1 Kb