As stated by the IFC, the proposed investment entails an A-Loan of up to US$135 million loan in COP-linked equivalent for the financing of the Barrancabermeja San Roque concession. The Project is a brownfield toll road awarded in 2022 by the Colombia’s National Infrastructure Agency through a competitive bidding process. The concession scope includes design, construction, rehabilitation, expansion, and O&M activities for up to 25 years. TM2 has a length of 272km. Construction activities include 192km of second lanes and urban exchanges and the rehabilitation of 80km.
As stated by the IFC, the Project company is Autopista del Rio Grande S.A.S. (ARG), a special purpose vehicle incorporated in Colombia. ARG is owned by Ortiz Construcciones y Proyectos S.A. and KMA Construcciones S.A.S, with a 50% shareholding each.
Grupo Ortiz is a leading Spaniard construction conglomerate with presence in 13 countries across Europe, LAC and Asia. The company operates +1,185km of toll roads including 282km in Colombia.
KMA is a construction company in Colombia with 21 years of track record. The company has built +1,000km of toll roads in Colombia and is one of the top contractors for civil works, industrial buildings, water & sewage, and real estate.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Grupo Ortiz||Parent Company||Construction||owns||Autopista del Rio Grande S.A.S.||Client||Infrastructure|
|KMA Construcciones SAS||Parent Company||Construction||owns||Autopista del Rio Grande S.A.S.||Client||Infrastructure|
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
Client - Autopistas del Rio Grande S.A.S.:
Local Access for Project Documentation:
ARG Headquarters: Calle 93b No. 19-21 Piso 3
ARG Customer Service Office: Carrera 20 # 6a 58, Barrio Las Américas, Aguachica, Cesar, Colombia.
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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