Company name
Udeman S.A.
Project number
UR1049A-01
N/A
E&S category
N/A
Country
Uruguay
Sector
Transport
Status
Completed
Disclosed date
05/12/2000
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/15/2000
Approval date
06/15/2000
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
N/A
Currency
USD
Project scope and objective
Scope and Objective of the Project and IIC´s Participation: Scope and Objective of the Project and IIC´s Participation: Udeman project consists of the construction and operation of a 20,787 m2 multipurpose bus terminal facility in the city of Salto, the second largest city in Uruguay, that will significantly improve domestic and international bus passengers and small cargo transportation services. The terminal will include amenities associated with modern transportation facilities, including commercial and retail outlets. The Company will operate the bus terminal under a thirty-year concession awarded by the Salto Municipality (Intendencia Municipal de Salto) through a public bidding.
IIC’s role in the proposed transaction is important for the following reasons:
It will support an initiative of the private sector to offer a service provided, until now, by the public sector.
It will provide financing for the construction of basic transportation and commercial infrastructure in one of Uruguay’s most important regions which is increasingly becoming an important tourist center.
The project will have a positive social and economic impact from various perspectives. It will create 15 direct jobs and 350 indirect jobs, it will improve the quality of bus passenger service and ensure a minimum level of comfort and security to passengers, as well as provide a safe operation of the bus terminal.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
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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