Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Colombia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Status: U
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.
Board Decision Date: 2017-06-26
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 or Client: Autopista Rio Magdalena 2 S.A.S.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Transport
Investment Amount (USD): $ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-08-16
Disclosure Date: 2017-02-28
Autopista Rio Magdalena 2
IIC-12107-01

Project Description
The Project, divided into Functional Units (UF), includes the construction of a new 37 km route between Remedios and Vegachí (UF01); A new route of 35 km between Vegachí and Alto de Dolores (UF02); Rehabilitation and improvement of the existing 49 km road between Alto de Dolores and Puerto Berrio (UF03); The construction of a 15 km variant in Puerto Berrío (UF04a) and the improvement of 10 km of the connection between the Varadero to Puerto Berrío and the Ruta del Sol (UF04b). The project also includes the construction of 42 smaller bridges and a 1.5km-long bridge over the Magdalena River.
Investment Description
Contact Information
ACCOUNTABILITY MECHANISM OF IIC The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).