PROJECT

Projects

Summary of Investment Information

Project Number

31612

Company Name

PACIFIC INFRASTRUCTURE VENTURES INC SUCURSAL COLOMBIA

Date SPI Disclosed

Jan 13, 2013

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Mar 14, 2013

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Nov 10, 2022

Department

Gbl Infrastructure & Natural Resources

Industry

Infrastructure

Previous Events

Approved : Jul 1, 2013
Signed : Jul 31, 2013
Invested : Nov 6, 2013

Sector

Port and Harbor Operations

Project Description

Pacific Infrastructure is a newly formed Holding company which will own several companies in Colombia dedicated to logistics and infrastructure for the Oil & Gas Sector. The two initial project companies are:
Puerto Bahia S.A., a wholly owned subsidiary that is building a bulk liquids terminal in the Bay of Cartagena specialized in handling crude oil and other hydrocarbons. The port will have an installed throughput capacity of 300,000 barrels and a storage capacity of more than 3 million barrels. The 155 hectares site will also include a general cargo handling facility, initially for Ro-Ro, dry bulk, project and general cargo and includes a 45 hectares Industrial Free Trade Zone.
Olecar, a greenfield 130 km pipeline that connects Puerto Bahia with Coveñas, the node where most of the existing trunk oil pipelines in Colombia lead to. The pipeline has been designed with a throughput capacity of 300,000 barrels.
Pacific Infrastructure is expected to own 100% of Puerto Bahia and 50% of Olecar. Ecopetrol has been invited to participate as shareholder of the remaining 50% in Olecar. The company was created with the specific purpose of developing these projects, and invest in any other infrastructure projects which can be developed by the Group.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation