Ati-Orbe II (IDBI-12476-01)

Countries
  • Costa Rica
Where the impacts of the investment may be experienced.
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
B
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
May 1, 2019
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
Ati Capital Solutions, S.A. ("Ati") and Componentes El Orbe, S.A. ("CEO")
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Law and Government
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)
$ 12.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 12.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS May 8, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank, the proceeds from the BID Invest loan will be used to (i) partially finance the outfitting and implementation of technological equipment and solutions for Costa Rica's Instituto Costarricense de Acueductos y Alcantarillados ("AYA") and Poder Judicial ("PJ") under a public tender that was awarded to CEO, Nova Technologies S.A. ("NovaTech") and Sistemas Convergentes S.A. ("SISCON"), to be supplied by the leasing company Ati Capital Solutions S.A. and (ii) finance the acquisition of solar panels.

 

Investment Description
  • IDB Invest
Private Actors
Contact Information

Howard Gonzalez
Chief Financial Officer
Phone number: +506 2545-4610
email address:
hgonzalez@corporacionob.com

For project inquiries, including environmental and social questions related to an IDB Invest transaction please contact the client (see Investment Summary tab), or IDB Invest using the email divulgacionpublica@iadb.org. 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(202) 623-3952.