Xochi: Flower Road (IDBI-14003-01)

Countries
  • Guatemala
Geographic location where the impacts of the investment may be experienced.
Specific Location
Departamento de Suchitepequez, Guatemala
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
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
Aug 8, 2023
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.
Borrower
BPS General Partner Corp
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 60.00 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)
$ 60.00 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)
$ 60.00 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.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Jun 5, 2023

Disclosed by Bank Apr 11, 2023

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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.

El Proyecto consiste en un Préstamo a Plazo a Fondo BPS SA, un vehículo de propósito especial establecido en Panamá (la "Compañía"), y su accionista BPS General Partner Corp. (el "Patrocinador"), con el propósito de ejecutar la construcción, operación, y mantenimiento de una autopista privada de peaje de 31 km desde el km 142.6 de la carretera CA-2 Occidente, Municipio de San Antonio Suchitepéquez, hasta el km 172.5 de la carretera CA-2 Occidente, Municipio de San Andrés Villa Seca, en Guatemala (el “Proyecto”). La vida útil del activo es de 40 años y se espera que esté terminado en aproximadamente dos años.

Además, BID Invest buscará movilizar fondos de financiamiento combinado que serán fundamentales para apoyar al patrocinador en la implementación de i) infraestructura de adaptación y resiliencia al cambio climático y ii) programas laborales de género.

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.

General Partner Corp. BPS SA, a special purpose vehicle established in Panama (the "Company"), and its shareholder BPS General Partner Corp


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.

CORREO ELECTRÓNICO: requestinformation@idbinvest.org

TELÉFONO: +1(202)-566-4566

DIRECCIÓN: 1350 New York Ave NW, Washington, DC 20005

ACCESO A LA INFORMACIÓN

Puede enviar una solicitud de divulgación de información en: https://www.iadb.org/en/access-information/information-request

MECANISMO DE RENDICIÓN DE CUENTAS DEL BID / BID INVEST

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 (IDB Invest)-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 IDB Invest 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).

How it works

How it works