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Projects

Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Excologistica S.A.
Project ID
3255
Fiscal year
2001
Status
Not Active
Guarantee holder
Hamburger Hafen- und Lagerhaus AG
Dresdner Bank Lateinamerika AG
Investor country
Spain
Host country
Argentina
Sector
Services
Gross exposure
 $4.2 million
Project type
Non-SIP

MIGA is providing $4.2 million in guarantees for an equity investment by Hamburger Hafen- und Lagerhaus AG and a loan by Dresdner Bank Lateinamerika AG for Exologistica S.A., an Argentine logistics company. Both guarantees offer coverage against the risk of transfer restriction. The company's services include transportation, warehousing, logistical administration, and specialty services such as labeling, packaging, and stamping. The investments will allow the company to buy and refurbish additional premises to expand its operations.

The project will contribute to Argentina's efforts to streamline and modernize its transportation and logistic services industry. The company aims to increase productivity and lower transaction costs to its clients by offering "just-in-time" and "low-stock" delivery methods by using electronic data information links. Since a significant portion of Exologistica's services are targeted at MERCOSUR countries, the project will contribute to the region's economic integration. Approximately 50 new jobs will be created and extensive training for professional and technical staff will be provided in-house and at local universities.

 
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