Early Warning System

Countries

Ecuador

Geographic location where the impacts of the investment may be experienced.

Specific Location

Puerto Bolívar, Machala, El Oro Province

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

Inter-American Development Bank (IADB)
International Finance Corporation (IFC)
US International Development Finance Corporation (DFC)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

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."

Borrower

Yilport Terminal Operations S.A.

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Infrastructure
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.

Project Cost (USD)

$ 350.00 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 @ DFC website

Updated in EWS May 13, 2022

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.

The Project involves expansion of the existing Puerto Bolívar Port Terminal, located in the City of Machala, El Oro province, Ecuador. The Project consists of:
• Demolition of a mooring dolphin with catwalk, the navy jetty, revetments, and various smaller structures;
• Construction of a new 450 m quay structure for Berth 6, connecting to the existing Berth 5. The quay will be made up of a reinforced concrete deck supported by deep foundation steel-cased piles and concrete pile caps;
• Dredging a total of 6,043,462.3 cubic meters (m3). Dredging works will take place in the area for construction of Berth 6 (71,192.40 m3) to increase existing port draft to a depth of 16.5 m, the access canal (4,131,787.30 m3), and the Maneuver zone (1,840,482.6 m3). Execution of dredging works will utilize both trailing suction hopper dredging and backhoe dredging. The proposed final disposal site for the dredged material is 13 nautical miles west of the Project site in the Jambelí Channel in the Gulf of Guayaquil.
• Substrate improvements onshore to improve the soil-bearing capacity through dynamic replacement, and offshore using cutter soil mixing technology.
• Onshore excavation of trenches for water piping (potable, sewage, and fire system) and installation of a fire water tank;
• Onshore yard expansion and construction including a new cold storage warehouse of 5,600 m3, paved yards for containers with twelve gantry crane blocks, and improvements to the access roads to the quays; and
• Electrical works and connection to the power grid.
The surrounding areas are primarily industrial and/or commercial areas. There are some, limited residential areas within the Project’s area of influence. It is estimated that approximately 800 temporary workers will be hired for the construction phase.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Inter-American Development Bank (IADB)
International Finance Corporation (IFC)
US International Development Finance Corporation (DFC)

There is an A loan from the IDB Group up to USD 100 million

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Yilport A.S.	Client	Transport

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.

ACCESS TO INFORMATION

Unlike many other development finance institutions, DFC does not currently have an access to information policy.

Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia

ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)

The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.

You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability