Puerto Antioquia Project (DFC-PUERTOANTIOQUIA)

Countries
  • Colombia
Where the impacts of the investment may be experienced.
Specific Location
Municipality of Turbo
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
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.
Borrower
PiO SAS
The holder of the loan, grant, or other investment.
Sectors
  • Construction
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jul 31, 2020


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Project Description

The Project involves the development, construction and operation of a multi-purpose port facility for handling containers, dry bulks, general cargos and roll-on roll-off cargo, located near the city of Turbo, on the Gulf of Uraba, in the northern part of the Department of Antioquia. The Project consists of: an offshore marine terminal, an onshore logistics area on the banks of the Leon River, a 4 km trestle with bridge that connects the offshore and onshore areas, an onshore bridge over the Leon River, an approximately 2.5 km access road from the onshore terminal to the town of Nueva Colonia, worker housing for 400 workers, and an approximately 4 km transmission line from the Nueva Colonia substation to the port. EPM, the national electricity authority, is planning to construct a longer transmission line to connect the Nueva Colonia substation to Turbo. Details regarding the route and potential impacts of this EPM transmission line will be reviewed once known. The Project is considering construction of new roads for port traffic during the operational phase. The road alternatives being considered vary between 7.5 and 11.5 km in length and would pass primarily through banana plantations, minimizing potential impacts to communities.
A 30-year concession for the Project from the Agencia Nacional de Infraestructura (ANI) has been granted for the exclusive use of an offshore area of 130 ha; onshore facilities will be on 38 ha of private land. The land site is currently a green field used for agricultural/cattle management purposes. The surface area of the offshore facility will be 12.8 ha. To connect the offshore viaduct with the onshore terminal, the Project will build a bridge over the Leon River and a 778 m long – 20 m wide road. This road that will be constructed will affect 1.55 ha of land pertaining to the Protected Area (PA) Reserva Forestal Protectora de los Humedales entre los ríos León y Suriquí. The area presents mangroves habitats and different species of relevant importance for the local ecosystem. The degree of project impacts to artisanal fishing activities in the Gulf of Uraba is being assessed.
Acquisition of the onshore land involved resettlement of the El Canal Community. The relocation of 33 out of 35 households was carried out in 2015. Negotiations with the remaining two households are ongoing and resettlement is expected to occur in the near future. In addition to the El Canal Community, the community of Nueva Colonia will be directly impacted by the Project. In March 2018, the Ministry of Interior recognized and officially registered the Consejo Mayor de Comunidades Negras de Nueva Colonia-COMANUNCO as an Afro-descendent community. Other communities in the Project area of influence include Puerto Girón and Rio Grande. Puerto Girón is an Afro-descendent community officially recognized by the Colombian Government in 2013 and located 1.7 km upstream of the project area on the right bank of the Rio Leon. The community of Rio Grande, which is located 9.5 km from the port site, will be impacted by traffic from the Project.

Investment Description
  • US International Development Finance Corporation (DFC)

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

Private Actors
  • PiO SAS -- Engineering and Construction Contract
Contact Information

Not available