Company name
Tababela Cargo Center Tabacarcen S.A. (“Tabacarcen”)
Project number
EC3898A-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
Ecuador
Sector
Transport
Status
Completed
Disclosed date
06/23/2014
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/29/2014
Approval date
09/09/2014
Signed date
03/18/2015
Sponsoring entity
Not applicable
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 19,000,000
Financing amount
USD $ 8,000,000
Currency
USD
Project scope and objective
The IIC loan of up to US$8 million will be used to pay suppliers, consolidate and refinance Tabacarcen’s liabilities for the long term.
Tabacarcen is a concessionaire at the cargo terminal of the new international airport (Nuevo Aeropuerto Internacional) in Quito, with a sub-concession to operate and maintain the logistics center, as well as to handle imported cargo between the aircraft parking areas and the logistics center.
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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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