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125.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	125.0
Equity

* These investment figures are indicative

The project is expected to improve access to quality urban transport for underserved populations— enabling shorter travel times to jobs, educational opportunities and economic inclusion—alongside reducing environmental footprint for Bogotá's mass transit system. Beyond the Project, IFC anticipates that its investment will have a demonstration effect and contribute to financial resilience of municipal entities, capital markets integration, and will encourage further placement of sustainable finance instruments in Colombia and Latin America and the Caribbean.

IFC's additionality through the Project is both financial and non-financial. Financial additionality will be provided in the forms of: (i) an innovative financing structure, as the Project will incorporate a sustainable finance instrument in debt capital markets into Bogotá's funding strategy, providing necessary funding for the Municipality's landmark projects; and (ii) resource mobilization, as IFC's participation as an anchor investor will leverage IFC's global experience in sustainable finance instruments and mobilize commercial and institutional investors, signaling credibility and stability to ensure a successful placement of Colombia's first offshore green bond by a municipality. Non-financial additionality will be provided in the form of non-commercial risk mitigation. As an anchor investor, IFC will provide confidence to international investors, mitigate execution risks, and strengthen the Municipality's ability to achieve its targeted issue size, even in volatile market conditions.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Female Direct Employment (#) Operations And Maintenance	individuals	required	Not Available	Not Available	Not Available
Number of Women In Senior Management	individuals	required	Not Available	Not Available	Not Available

This project is classified as a Category A investment under IFC’s E&S Sustainability Policy due to its potential significant adverse environmental and social (E&S) risks, which include the physical resettlement of at least 1,847 social units (both including households and businesses’ owners), economic displacement, temporary impacts on business activities, and relocation of 17 street vendors. Other key E&S aspects involve the management of E&S risks during construction and operation through EMB’s and the Concessionaire’s E&S Management Systems (ESMS) and Management Plans (ESMP); contractor management; fair and safe working conditions; occupational health and safety (OHS); emergency preparedness and response (EPR); universal access, life and fire safety (L&FS); community health and safety; Gender-Based Violence (GBV) and Sexual Exploitation and Abuse/Sexual Harassment (SEA/SH) aspects, tunneling and groundwater management, resource efficiency, pollution control, construction and demolition waste management, contaminated site management, air quality, noise and vibration management in residential and commercial areas, biodiversity, cultural heritage, and stakeholder engagement.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.