TMAS-2 (IDBI-13044-01)

  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
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
Bank Risk Rating
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 16, 2020
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.
Patrimonio Autonomo Titularizacion TMAS-2
The holder of the loan, grant, or other investment.
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 24.76 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 100,000’000,000
Converted using 2020-03-16 exchange rate.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Mar 18, 2020

Disclosed by Bank Feb 14, 2020

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

Project Description

IDB Invest is reviewing a project to acquire 260 bi-articulated buses powered by natural gas (NGV), which will be added to the bus fleet of the Transmilenio transport system in Bogota (the "Project").  The Project is part of concession contract 752 of 2018 granted by Empresa de Transporte del Tercer Milenio S.A. ("Transmilenio") to the Masivo Bogotá S.A.S. consortium (the "Client").

Investment Description
  • IDB Invest (IDBI)
Private Actors
Contact Information

Client Contact name: Camilo Baptiste Munoz
Title: Asset Management Bonus
Phone number: +57 - 311506 1167 / +57 - 1 - 743 0720
Email address:


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 You can learn more about the MICI and how to file a complaint at,1752.html (in English) or,1752.html (Spanish).