Summary of Proposed Investment
Project Number
30332
Company Name
UABL PARAGUAY S.A.
Date SPI Disclosed
Aug 30, 2011
Country
Paraguay
Industry
Infrastructure
Projected Board Date
Sep 30, 2011
Status
Completed
Sector
Water Transportation
Department
Regional Industry INF LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Nov 22, 2011
Signed : Dec 2, 2011
Invested : Dec 13, 2011
Project Description
UABL Limited (the “Company”), an existing IFC client, is the largest barge operator on the Paraná-Paraguay river system in South America. The company primarily transports:
- soy products and iron ore from Paraguay, Bolivia and Western Brazil for final export markets in Europe and Asia; and
- petroleum products into Paraguay for domestic consumption.
UABL is expanding its 2011-2013 investment program to (i) accelerate the acquisition of dry bulk barges; (ii) modify and refurbish part of its existing barge fleet; and (iii) repower existing pushboats and acquire new pushboats, tugboats and ancillary equipment to grow its river transport operations and to satisfy growing demand.
The proposed project will allow UABL to further optimize its operations, increase fuel efficiency and expand the transport capacity in the River System (the “Project” or “UBAL III”).
- soy products and iron ore from Paraguay, Bolivia and Western Brazil for final export markets in Europe and Asia; and
- petroleum products into Paraguay for domestic consumption.
UABL is expanding its 2011-2013 investment program to (i) accelerate the acquisition of dry bulk barges; (ii) modify and refurbish part of its existing barge fleet; and (iii) repower existing pushboats and acquire new pushboats, tugboats and ancillary equipment to grow its river transport operations and to satisfy growing demand.
The proposed project will allow UABL to further optimize its operations, increase fuel efficiency and expand the transport capacity in the River System (the “Project” or “UBAL III”).
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Felipe Menendez, President
Leandro N. Alem 986, Piso 12,
C1001AAR, Buenos Aires, Argentina
Telephone: +54-11-4875-0418
Fax: +54-11-4315-0468
Leandro N. Alem 986, Piso 12,
C1001AAR, Buenos Aires, Argentina
Telephone: +54-11-4875-0418
Fax: +54-11-4315-0468
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
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
Relevant environmental and social information regarding this project will be made available at UABL’s offices in Argentina and Paraguay.
UABL Office in Argentina:
Leandro N. Alem 1110, Piso 6,
C1001AAT, Buenos Aires, Argentina
UABL Office in Paraguay
Benjamin Constant 835 –
Edificio Jacaranda
Asuncion, Paraguay
UABL Office in Argentina:
Leandro N. Alem 1110, Piso 6,
C1001AAT, Buenos Aires, Argentina
UABL Office in Paraguay
Benjamin Constant 835 –
Edificio Jacaranda
Asuncion, Paraguay