28539 - Duoc Growth

Who We Are
Who We Are

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.
More About Us
About IFC

Our Leadership

Development Partners
Accountability

Learn more about accountability
Annual Report

Download the Report
What We Do
What We Do

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.
What We Do Overview
SOLUTIONS

Our products and services
OUR PRIORITIES

Climate Business

Fragile & Conflict Afflicted Situations

Gender

Mobilizing Private Capital

Sustainability
SECTORS & EXPERTISE

Agribusiness & Forestry

Creative Industries

Education

Financial Institutions

Funds

Health

Infrastructure

Manufacturing

Public-Private Partnerships

Tourism, Retail & Property

Trade & Supply Chain Finance

Venture Capital

Working Upstream
Where We Work
Where We Work

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.
Overview
By Region

Africa

East Asia and Pacific

Europe

Latin America and the Caribbean

Middle East and Central Asia

South Asia
Our Impact
Our Impact

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.
Our Impact Overview
PRINCIPLES & MEASUREMENT

Impact Investing at IFC

Measuring and Monitoring (AIMM)

Evaluation

Sustainable Development Goals (SDGs)

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

For Partners

For Investors

Get in Touch

Summary of Proposed Investment

Project Number

28539

Company Name

Fundacion Instituto Profesional DUOC UC

Date SPI Disclosed

Aug 21, 2009

Country

Chile

Industry

Health, Education and Life Sciences

Projected Board Date

Sep 21, 2009

Status

Completed

Sector

Colleges, Universities, and Professional Schools

Department

Regional Industry MAS LAC & EUR

Environmental Category

B - Limited

Previous Events

Approved : Sep 25, 2009
Signed : Sep 30, 2009
Invested : Jan 26, 2010

Project Description

Fundacion Duoc (“DuocUC”) is a leading higher education institution in Chile providing technical degrees and professional degrees to a student body of over 50,000. The University operates in 12 campuses and provides more than 80 different degrees, including 50 technical degrees and 30 professional degrees. DuocUC is looking to continue expanding its size and offerings through organic growth. The first stage of the project involves the construction of a university campus in Santiago (the “Maipu Campus”), with covered space of 10,000 square meters and capacity of 4,000 students. Further stages of the project involve similar capacity expansion projects to facilitate organic growth which are to be identified at a later stage.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	30.0
Equity

Development Impact

The Project will:

- Contribute to equality of opportunity and social mobility by expanding the availability of higher education to lower-income segments, which is crucial in Chile;
- Contribute to increase higher education coverage in one of the most densely populated areas of the Metropolitan Region, which is composed mostly of mid and mid-to-low income inhabitants and does not have sufficient higher education offerings;

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental and social impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Key environmental, health and safety, human resources and social issues in a project in this industry sector include the following: the upgrade of the environmental and social management system (ESMS), the implementation of a community engagement and grievance mechanism, the development of a corporate human resource policy management system procedures, upgrade of the operational safety plan, the management of energy saving plans, a management system addressing pest control, and the refurbishing and continuing maintenance of historic buildings in Santiago and Valparaiso.

Contacts

For Inquiries About the Project, Contact

Mr. Francisco Gouet Bañares
Fundacion Instituto Profesional DuocUC
Eliodoro Yañez 1595, Piso 12
Providencia, Santiago, Chile
Tel: 56-2-354-0151
Email: fgouet@duoc.cl
Website: http://www.duoc.cl/index.html

For Inquiries and Comments About IFC, Contact

General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster

Local Access of Project Documentation

Mr. Francisco Gouet Bañares
Fundacion Instituto Profesional DuocUC
Eliodoro Yañez 1595, Piso 12
Providencia, Santiago, Chile

Duoc - Maipu
Sr. Vladimir Sagredo
Avda. Esquina Blanca 501 (Ex-506)
Maipu, Chile
Tel. 569-83423607

To comply with IFC requirements for local disclosure, Duoc will translate the content of the ESRS and the Environmental and Social Action Plan (ESAP) into Spanish and make these documents available locally at Duoc Casa Central (Duoc Headquarters), and at Maipu, the city where the construction will take place. For this purpose, Duoc will provide the address and phone number in the Spanish translation of the ESRS.

Duoc will place newspaper advertisements in a newspaper of nationwide circulation and in a local paper at Maipu if available, stating where information about the project and associated impacts and mitigation measures will be found.

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Projects

Summary of Proposed Investment

Project Description

Sponsor / Cost / Location

Project Sponsor and Major Shareholders of Project Company

Total Project Cost and Amount and Nature of IFC's Investment

Board Approved IFC Investment

Location of Project and Description of Site

Development Impact

Anticipated Impact Measurement & Monitoring (AIMM) Assessment

IFC's Expected Development Contribution

Environmental and Social Issues - Category

Press-Release

Related ESRS/ERS

Similar Projects

Contacts

Disclaimer