Santana-Neiva 4G (IFC-38252)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
Putumayo, Cauca and Huila
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
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
Mar 31, 2017
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
ALIADAS PARA EL PROGRESO SAS
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
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)
$ 150.00 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 @ IFC website

Updated in EWS Aug 16, 2017

Disclosed by Bank Jan 20, 2017


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Project Description
IFC is considering an A/B Loan of up to US$194 million to support the Santana Neiva 4G; a 25 to 29 year PPP concession for the construction, improvement, rehabilitation, operation and maintenance of the 456km existing corridor between Santana, Mocoa and Neiva in Colombia. The Project is part of the second phase of projects under Colombia’s 4G toll road concession program, which represents the largest infrastructure investment program undertaken to date in the country.
Investment Description
  • International Finance Corporation (IFC)
Aliadas para el Progreso is the Project's concessionare and its sponsors are CAS (62.22%), CASS Constructores (30.78%), and Latinco S.A. (7.00%). All project Sponsors are reputable construction companies with over 50 years of experience in the sector: (a) CAS and CASS Constructores are two of Colombia's largest toll road concessionaires, led by Carlos Alberto Solarte, a Colombian civil engineer with over 40 years of experience in infrastructure projects who has intervened over 12,00 Km roads. (b) Latinoamericana de Construcciones S.A. (Latinco, 7.00%): A Colombian construction company established in 1994. It focuses on infrastructure development, design and construction. The company also has investments in the power sector. In addition to their experience in road construction, rehabilitation, maintenance and construction of bridges and tunnels, among others, Latinco produces aggregates and components for asphalt production. It has been awarded with over 13 projects in Colombia including hydros and road construction).
Contact Information
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/