Distrito de Bogotá Metro Line 1
Project description
This early disclosure covers an application by BNP Paribas S.A., and/or any of its subsidiaries or affiliates, and/or Other Lenders yet-to-be-identified (the Lenders), for their non-shareholder loans to Bogotá, Distrito Capital (Bogota), to finance its contributions to the Bogota Metro Line 1 project (the Project). The Lenders are seeking guarantees of up to COP 3,200 billion against the risk of Non-Honoring of Financial Obligations of a sub-sovereign entity for their loans of up to COP 1,700 billion (the Loans) for a period of up to 10 years and 6 months.
The Project involves the studies, designs, construction, operation and maintenance of a 24km elevated rail viaduct connecting the southwest of the District of Bogotá with the central business area of the city. It will also include the provision and installation of the necessary rails, rolling stock and electrical, control, telecommunications and fare collection system for the operation of the Metro Line 1 as well as additional elements ancillary to the main infrastructure.
Environmental Categorization
The Project is Category A under MIGA Policy on Environmental and Social Sustainability (2013).
Through this early disclosure, MIGA provides early access to the Project’s Environmental and Social Impact Assessment (ESIA) and other relevant E&S documents:
- Evaluacion Impacto Ambiental y Social EIAS (Environmental and Social Impacts Assessment);
- Informe de validacion Segunda operación CCLIP-PLMB (Complementary Environmental and Social Impact Assessment);
- Plan de Manejo Ambiental y Social PMAS (Environmental and Social Management Plan);
- Plan de Reasentamiento (Resettlement Plan).
The E&S documents were commissioned by Empresa Metro Bogota (EMB), the implementing entity for the Project, and should not be taken as an indication that MIGA has completed its review of the Project. Any documentation included or attached herein has been prepared and authorized for public release by entities other than MIGA. MIGA does not guarantee the quality of the Project’s E&S documents and other relevant documents.
The disclosure of the Project’s E&S documents should not be construed as presuming the outcome of MIGA’s environmental and social (E&S) review. MIGA’s E&S due diligence will be carried out in accordance with the MIGA Policy on Environmental and Social Sustainability (2013). Details of MIGA’s findings and gaps to the MIGA Performance Standards on E&S Sustainability (2013) will be reflected in an Environmental and Social Review Summary (ESRS) for the Project, supplemented with an Environmental & Social Action Plan (ESAP), and published on MIGA’s website ahead of the Project’s consideration for approval, per MIGA’s Access to Information Policy (2013).
The Project’s E&S documents and other relevant documents are also available at EMB’s website:
https://www.metrodebogota.gov.co/estudios-ambientales/estudios-ambientales-y-sociales
Development Impact
By supporting an integrated public transport system, the Project is expected to: (i) strengthen Bogota’s infrastructure, urban integration and competitiveness; (ii) improve access to jobs and quality and affordable transit for public transport users in the area of influence of the Project; and (iii) reduce GHG emissions and promote sustainable urban transport. The Project is aligned with the WBG’s Country Partnership Framework (CPF) FY24-27 for Colombia.
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MIGA supports its clients (as defined in MIGA Policy on Environmental and Social Sustainability) in addressing environmental and social issues arising from their business activities by requiring direct investment clients to set up and administer appropriate grievance mechanisms and/or procedures to address complaints from Affected Communities. MIGA support to Financial Intermediary clients applying the Performance Standards are required to develop External Communications Mechanisms to receive and review inquiries or complaints from any interested party regarding the E&S risks and impacts of their operations as per the requirements of Performance Standards 1.
In addition, Affected Communities have unrestricted access to the Compliance Advisor/Ombudsman (CAO), the independent accountability mechanism for MIGA. The CAO is mandated to address complaints from people affected by MIGA-guaranteed business activities in a manner that is fair, objective, and constructive, with the goal of improving environmental and social project outcomes and fostering greater public accountability of MIGA.
Independent of MIGA management and reporting directly to the World Bank Group President, the CAO works to resolve complaints using a flexible, problem-solving approach through its dispute resolution arm and oversees project-level audits of MIGA’s environmental and social performance through its compliance arm.
Complaints may relate to any aspect of MIGA-guaranteed business activities that is within the mandate of the CAO. They can be made by any individual, group, community, entity, or other party affected or likely to be affected by the environmental or social impacts of a MIGA-guaranteed business activity. Complaints can be submitted to the CAO in writing to the address below:
Compliance Advisor/Ombudsman
International Finance Corporation
2121 Pennsylvania Avenue NW
Room F11K-232
Washington, DC 20433 USA
Tel: 1 202 458 1973
Fax: 1 202 522 7400
E-mail: cao-compliance@ifc.org