Autopista al Mar 1 (IIC-11895-05)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
Antioquia
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 27, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
DEVIMAR
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 160.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IIC website

Updated in EWS Sep 18, 2018

Disclosed by Bank Nov 21, 2017


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Project Description

This project provides financing for the construction of 41 bridges and 1 tunnel on 76km of highway located in Antioquia. In addition to other parts, components include:

a)Improvement of the existing construction and construction of a second lane in the Medellin - Santa Fe section in Antioquia (33 km)

b)Construction of the 5 kilometer second tube of the Western Tunnel

c) Rehabilitation of the Bolombolo - Santa Fe section in Antioquia (62 km)

The project starts at Western Fernando Gómez Martínez tunnel, passes through the municipalities of Medellín, San Jerónimo, Sopetrán, and Santafé in Antioquia and continues on until reaching Cañasgordas and Salgar in western Antioquia. 

Investment Description
  • IDB Invest
Private Actors
Contact Information

For more information about the project, contact:

Luis del Valle Arellano
Financing Vicepresident 
Phone: +57 (4) 322 0393 ext. 120
E-mail: ldelvalle@devimar.com.co

For inquiries and comments to IIC, contact:
IIC’s Communications Group
E-mail: divulgacionpublica@iadb.org

ACCOUNTABILITY MECHANISM OF IIC
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).