Concesionaria Vial Union del Sur S.A.S. (Rumichaca-Pasto Toll Road) (Colombia) (BNDES-CONCESIONARIAVIALUN)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Brazil National Development Bank (BNDES)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
A
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
Jun 14, 2018
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
Concesionaria Vial Union del Sur S.A.S.
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 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)
$ 931.80 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 @ BNDES website

Updated in EWS Aug 9, 2019

Disclosed by Bank May 23, 2018


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Project Description

According to the Agency's document, this project finances the design, construction and operation of an 84km corridor of a tolled, dual-carriage highway in southwestern Colombia, including expansion of an existing single-carriage corridor to a dual-carriage highway, and construction of 27km of new highway. 

According to the Agency, the major environmental and social concerns related to the Project include impacts to community health and safety resulting from increased traffic, influx of non-local workers and non-local peoples, noise and vibration; the need for robust and occupational health and safety procedures; soil erosion and spoil management; impacts to biodiversity; and the need for a robust environmental and social management system with appropriate organizational capacity given simultaneous multiple work fronts and ambitious timeline for construction. 

People Affected By This Project


Investment Description
  • Brazil National Development Bank (BNDES)


Private Actors


Contact Information

No contact information available at time of writing.