Early Warning System

Countries

Colombia

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

Specific Location

Towns of Ipiales, Contadero, Iles, Imués, Pedregal, Inantas Bajo, Tangua, Cebadal, and Vocacional

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

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

Sacyr

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

Sectors

Construction

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

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 Jun 24, 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 the development, expansion, rehabilitation, construction, and operation of an 83km dual carriageway toll road in Nariño province, Colombia. Approximately 70% of the Project will be expansion and rehabilitation of an existing road and the remainder new construction. The existing road is 82.91 km with two 3.65 m lanes and berms ranging from 0.5 to 1.0 m. The Project has five functional units (UFs) based on prior designs from the National Infrastructure Agency (ANI). The San Juan-Pedregal Segment, which covers sections of UFs 1, 2, and 3, comprises a total length of 29.09 km with a road width of 23.20, including two roadways of 7.30 m each, a 2.0 divider, 0.50 m internal berms, 1.80 m external berms, and an additional 2.0 service zone on the external side of each roadway. Of the 29.09 km, 24.99 km will be new road and 4.10 km will involve construction of a second roadway parallel to the existing roadway. The Pedregal-Catambuco Segment, which covers UFs 4 and 5.1 comprises a total length of 32.76 km. Both segments require the creation of culverts for waterway crossings, drainage ditches, intersections and interchange connections, operations control centers and camps, and sidewalks in densely populated urban areas. The Project will include construction of up to 13 bridges and two new toll stations. Approximately 2,300 land plots need to be acquired across the five UFs. Most of these are not in residential or economic use; however approximately 520 social receptors (families or individuals who live or practice an economic activity on the land) are affected by physical displacement across all the UFs. There are just over 160 households with informal rights who are likely to be the most vulnerable of those physically displaced. The Project had six ethnic communities recognized and certified by the Ministry of the Interior as being eligible for the national consulta previa process and trigger PS 7: Catambuco Indigenous Council (UF5.1); Montaña de Fuego Indigenous Council (UF4); Iles Indigenous Reserve (UF2 and UF3); Aldea de Maria Puisnan Indigenous Council (UF1.3); San Juan Indigenous Reserve (UF1.3); and Ipiales Indigenous Reserve (UF1). Four of these groups reflect Pasto ethnicity and two represents Quillacinga ethnicity.

Investment Description

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

US International Development Finance Corporation (DFC)

There wasn't any Funding information at the moment of the sanpshot.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Sacyr Concesiones Colombia, S.A.S.	Subsidiary	-

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.