Via de Evitamiento de Chimbote (Red Vial 4) (IDBI-12205-01)

  • Peru
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 28, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sociedad Concesionaria Autopista del Norte SCA y Aleatica
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Potential Rights Impacts
  • Healthy Environment
  • Housing & Property
Only for projects receiving a detailed analysis, a broad category of human and environmental rights and frequently at-risk populations.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 125.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 175.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 175.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Apr 2, 2020

Disclosed by Bank Apr 23, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Road Network No.4 (hereinafter "the RV4") is one of the most important roads in Peru, connecting its capital, Lima, with several important cities and ports in the northern part of the country. In 2009, OHL Concesiones, now Aleatica, was awarded the concession for the road, which includes; i) the operation and maintenance of 356 km of existing road; and ii) the construction of a 283-kilometer second lane. Subsequently, by means of Addendum 2 to the Concession Agreement in 2016, it was also entrusted with the construction of a 37-kilometer long Chimbote bypass. To fulfill the objectives of the concession, Aleatica has created two companies: i) Autopista del Norte (hereinafter "AUNOR"), which is responsible for managing the construction works and serves as the concessionaire of the RV4; and ii) Operadora de Carreteras (hereinafter "OPECAR"), which is responsible for the operation and maintenance of the concession.IDB Invest's participation (hereinafter "the Project") will focus on providing resources for the construction of: i) the works required to complete the RV4 (Pativilca-Santa-Trujillo and Puerto Salaverry segments); and ii) the Chimbote bypass.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Impactos de mediana y alta magnitud: interrupción y desvío cursos de agua; remoción d suelos en terrenos de cultivos de alta densidad; alteración de habitats terrestres y paisajes; afectación de propiedades

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

IDB Invest performed its Environmental and Social Due Diligence (ESDD) visit to the Project on March 26-28, 2019. During this visit, it held meetings in Huarmey and Chimbote with representatives of AUNOR, OPECAR, the Ministry of Transport and Communications (hereinafter "the MTC"), the Acquisition, Compensation, and Involuntary Resettlement Program (hereinafter "PACRI", for its acronym in SpanishPACRI), and with the local authorities of Nuevo Chimbote district and del Santa Province. In addition, a land tour of the entire RV4 was completed, and the layout of the future Chimbote bypass, currently in the process of land release by the PACRI, was visited.

At the time of the visit, the Project presented the following situation: i) 97% progress in the twinning of the RV4 lane; and ii) in the Chimbote bypass, 21% of the land required had been acquired, 57% was in the process of being paid and 23% was in the process of being valued.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Aleatica ( ex OHL Concesiones) es una compañía de transporte de nueva generación con enfoque iberoamericano experto. Como operador puro de activos de transporte, se enfoca
exclusivamente en el diseño y la operación de autopistas y otros activos de transporte en España y América Latina (México, Perú, Colombia y Chile).

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Arturo Loo Kung, Gerente Financiero,

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