Salaverry Port (IDBI-12828-01)

Countries
  • Peru
Where the impacts of the investment may be experienced.
Specific Location
Trujillo
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 (IDBI)
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
Nov 26, 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
Salaverry Terminal Internacional, S.A. ("STI")
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 1, 2019

Disclosed by Bank Sep 24, 2019


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Project Description

The Project consists of the design, financing, construction, and operation of the Port of Salaverry in Trujillo, Peru. The Port has been in operation since the 1960s and is the natural import/export terminal of the city of Trujillo (the third largest in Peru, with a population of 1 million) and the nearby agribusiness and mining regions. In October 2018, a concession through an international tender was granted to TRAMARSA, by means of which it assumes responsibility for the extension of the facilities and the operation and maintenance (O&M) of the Port for 30 years. Salaverry is a multipurpose terminal. It moves various types of cargo, such as wheat, corn, sugar, fertilizers, mining concentrates, and others. It is mainly an import terminal, but has the potential to expand exports significantly, mainly due to recent and important agribusiness developments in the Port's area of influence.

Investment Description
  • IDB Invest (IDBI)
Contact Information

Julio Pablo Pflucker Sicher
Administration and Finance Manager
Email address:
jpflucker@sati.com.pe
Phone number: (+51) 996863916

ACCOUNTABILITY MECHANISM OF IADB

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).