Company name
Terminales Río de la Plata S.A.
Project number
AR3758A-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
Argentina
Sector
Energy
Status
Completed
Disclosed date
04/13/2006
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/16/2006
Approval date
05/30/2006
Signed date
03/30/2007
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 13,500,000
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
Terminales Rio de la Plata S.A. ("TRP" or the "Company") is an Argentine company that holds the concession rights under a 25-year concession agreement to operate Terminals 1, 2, and 3 of the Puerto Nuevo in the City of Buenos Aires. TRP’s core business is handling containers, although it also handles general cargo and vehicles and runs the only terminal at the Port of Buenos Aires for passenger vessels. TRP’s total quay line is 2,143 meters, with water depth of 9.8 meters, and a total landside area of 43.5 hectares.
The project will help TRP finance its 2006-2007 investment program and refinance its existing debt. The investment program includes the purchase of one gantry crane, additional gantry cranes for the container yard, and other equipment; the relocation of an existing gantry crane from Terminal 1 to Terminal 2; the demolition of a warehouse in Terminal 3 to expand the container yard; and the installation of additional reefer plugs.
The IIC will work with other multilateral organizations to provide TRP financing at terms not otherwise available in Argentina.
TRP is the main terminal of the Port of Buenos Aires, handling 40% of all containers that pass through the port. Argentina’s economic recovery has led to a boom in port activity in recent years, and the Port of Buenos Aires will face serious limitations by 2009 if investments are not made to increase its capacity. The IIC will make a significant contribution by providing funding to prepare the port for the expansion project, increase port efficiency, and enable port authorities to meet the growing demand in the years to come. The benefits will be felt by Argentina, consumers, producers, and transport workers.
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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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