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