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Strengthening Sustainability in the New Quito International Airport: A Shared Va
In order to meet the growing demand for airport financing, SCF is intensifying its lending efforts with a projected pipeline worth over US$1.1 billion of new IDB A-Loans to support the development of these strategic infrastructure assets in the region. In addition, beyond offering financing, SCF wants to be able to provide rigorous advice and technical assistance on how to build more sustainable airports at the intersection of the triple bottom line of environmental, economic, and social aspects, which is also consistent with one of its department strategy pillars to mainstream social and climate sustainability into its private sector operations. Through the public-private collaboration of the IDB Structured and Corporate Finance Department¿s (¿SCF¿) and the Transportation Division of the Infrastructure Department (INE/TSP), the objective of this Technical Cooperation (TC) is to strengthen the overall environmental and social sustainability of airports by assisting SCF private sector clients in identifying investments through a ¿shared value¿ lens - i.e. investments that increase financial returns and simultaneously deliver social and/or climate impacts, improving returns for businesses and the society. Through the TC ¿Shared Value Appraisals: Defining the Business Case for Development Partnerships with Indigenous People, African Descendants, and Women¿ (RG-T2200), SCF has successfully shown the business case for shared value investments in the ¿industries and services¿ sectors of agribusiness, education, and tourism. The Project Team will build upon that methodology to show how sustainability efforts and particularly shared value investments in airports can increase their competitiveness and improve the profitability of their business operations while benefitting the environment and contributing significantly to the socio-economic development of the surrounding communities in which they operate.

Project Detail

Country

Ecuador

Project Number

EC-T1317

Approval Date

March 4, 2015

Project Status

Closed

Project Type

Technical Cooperation

Sector

TRANSPORT

Subsector

AIRPORT INFRASTRUCTURE

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 205,000.00

Country Counterpart Financing

USD 30,000.00

Original Amount Approved

USD 175,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-14912-EC Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-14912-EC
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable
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