12 selected from more than 40 submissions from Latin America and Caribbean countries
The Inter-American Development Bank announces the twelve finalists for the 2015 Infrastructure 360º Awards.
The IDB Private Sector Infrastructure Sustainability Awards, or the Infrastructure 360° Awards, seek to identify, assess and reward sustainable infrastructure investments made by the private sector and public-private partnerships in the IDB´s 26 borrowing member countries in Latin America and the Caribbean. The main objective of these second annual awards is to promote the integration of sustainability into planning, design, construction and operation of infrastructure projects. Eligible projects must have been under construction or in operation for no more than three years, have a total investment of $30 million or more, and have at least 50 percent of funding coming from the private sector.
“We are pleased to see an enthusiastic response to these awards from participants in the region two years in a row," said Hans Schulz, Interim IDB Vice President for the Private Sector. "This demonstrates a growing commitment by regional infrastructure players to embed social and environmental sustainability in project design.”
The twelve finalists for the 2015 Infrastructure 360° Awards are:
• Aquapolo Water and Sanitation project – Brazil
• Santo Antônio Hydropower Plant - Brazil
• Carilafquen Malalcahuello Hydropower Plant - Chile
• Cerro Dominador Solar Tower - Chile
• Tunjita Hydropower Plant - Colombia
• Expansion of the Port Container Terminal in Cartagena - Colombia
• Cerro de Hula Windfarm - Honduras
• EURUS Windfarm - Mexico
• Urban & Maintenance Improvement of the Interior Circuit in Mexico City - Mexico
• Moquegua Photovotaic Plant - Peru
• Modernization of the Multipurpose North Terminal at the Port of Callao - Peru
• Parque Eólico Florida Windfarm - Uruguay
Projects were submitted online through a self-evaluation tool developed by the Harvard Zofnass Program for Sustainable Infrastructure. Each finalist will now submit additional documents and materials to be reviewed by the Harvard-Zofnass team. The team will then prepare a detailed assessment of each project for review by the nine-member panel of international experts that will choose the three winners.
The awards ceremony will take place as part of the IDB Group´s Annual Meeting in March, 2015 in Busan, Republic of South Korea.
About the Structured and Corporate Finance Department
The Structured and Corporate Finance Department (SCF) leads all IDB non-sovereign guaranteed operations for large-scale projects, companies and financial institutions in Latin America and the Caribbean. The department serves as a catalyst, helping to mobilize third-party resources by partnering with commercial banks, institutional investors, co-guarantors and other co-financing entities in high-impact development projects.
- John Ferriter