Company name
Terminal de Servicios Portuarios Patagonia Norte S.A.
Project number
AR3842A-01
N/A
E&S category
N/A
Country
Argentina
Sector
Energy
Status
In implementation
Disclosed date
09/26/2007
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/30/2007
Approval date
10/30/2007
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 3,000,000
Financing amount
USD $ 4,700,000
Currency
USD
Project scope and objective
In February 2007 Terminal Patagonia won a twenty-year concession for operating the newly completed container terminal in the port of Bahía Blanca ("Terminal de Bahía Blanca") in the southern part of the province of Buenos Aires. It is the port’s only container terminal. Since 1998 Terminal Patagonia has also been operating the port of San Antonio Este ("Puerto SAE") in Río Negro province under an exclusive thirty-year master concession agreement.
The proposed IIC loan will be used as partial financing for purchasing machinery and for the infrastructure work needed to get the Terminal de Bahía Blanca concession up and running. The Company expects to make the investments between the third quarter of 2007 and the first quarter of 2008. The goal is to start partial operations of Terminal de Bahía Blanca in November 2007.
With this project, the Corporation will be contributing to the development of complementary ports to the port of Buenos Aires. The latter is Argentina's main port and has become heavily congested as a result of the marked growth of Argentina's economy in the past few years.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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