Guerrero Green Park (IDBI-13275-01)

Countries
  • Costa Rica
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
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
Apr 2, 2021
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
Grupo Desarrollador de Parques Industriales S.A. ("GDPI" or the "Company")
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
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)
$ 23.00 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 @ IDBI website

Updated in EWS Feb 17, 2021

Disclosed by Bank Jan 28, 2021

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Project Description
<div class="block">This transaction is a combined long-term and medium-term corporate loan of up to US$23 million to Grupo Desarrollador de Parques Industriales S.A. ("GDPI" or the "Company"). GDPI is part of the Guerrero Group, and its purpose is to develop the Green Park Industrial Park in the Coyol area on the outskirts of Alajuela. The proposed financing is for the construction of several industrial buildings within this park, which will increase the availability of industrial facilities in the country. This will attract Direct Foreign Investment, mainly focused on life sciences, technology, and shared services clusters, and aligned with the global trend of "<em>Near-shoring</em>", where Costa Rica is a significant regional player.<br /><br /><br /> <div class="intro-frame block-wysiwyg">&nbsp;</div> </div>
People Affected By This Project

For inquiries about the Project please contact:

Name : Carlos Zacapa

Title: Executive Director

Phone number: +(506) 4052-5977

Email:czacapa@thegreenparkfz.com

For questions and comments to IDB Invest please contact:

Name: IDB Invest Communication Group

E-mail:requestinformation@idbinvest.org

Additionally, affected communities can access the IIC's Independent Consultation and Investigation Mechanism (ICIM) as follows:

Phone number: +1 (202) 623-3952

Fax number: +1 (202) 312-4057

Address: 1300 New York Ave. NW Washington, DC. USA. 20577

E-mail:mecanismo@iadb.orgoMICI@iadb.org

Investment Description
  • IDB Invest (IDBI)

The IDBI did not publish the investment ammount.

Private Actors
  • Grupo Desarrollador de Parques Industriales S.A. (Contractor)
Contact Information

For inquiries about the Project please contact:

Name: Carlos Zacapa

Title: Executive Director

Phone number: +(506) 4052-5977

Email: czacapa@thegreenparkfz.com

 

For questions and comments to IDB Invest please contact: 

Name: IDB Invest Communication Group 

E-mail: requestinformation@idbinvest.org

 

Additionally, affected communities can access the IIC's Independent Consultation and Investigation Mechanism (ICIM) as follows:  

Phone number: +1 (202) 623-3952

Fax number: +1 (202) 312-4057

Address: 1300 New York Ave. NW Washington, DC. USA. 20577

E-mail: mecanismo@iadb.org o MICI@iadb.org