Summary of Proposed Investment
Project Number
9162
Company Name
CB Transportes S.A.
Date SPI Disclosed
Jul 7, 1998
Country
Chile
Industry
Infrastructure
Status
Active
Sector
Rail Transportation
Department
Gbl Infrastructure & Natural Resources
Environmental Category
B - Limited
Previous Events
Approved : Aug 17, 1998
Signed : Dec 10, 1998
Invested : Dec 10, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | CHILE: CB Transportes |
| Region | Latin America and Caribbean |
| Sector |
Projected Board DateAugust 7, 1998
Company NameCB Transportes S.A. (CBT)
Technical Partner and/or Major Shareholders
The main shareholder of CBT is CB Transportes e Infraestructura S.A. (CBTI), which is controlled by CB S.A., a private Chilean company controlled by Manuel Cruzat Infante. CB S.A. has investments in several sectors of the economy, including financial services, real estate and infrastructure. In addition to investments in railroad companies, CBTI also has investments in toll roads.
Project Cost Including proposed IFC investment
IFC''s proposed investment in CBT consists of an equity investment of approximately US$10 million.
Location of project and Description of site
CBT is a Chilean company located in Santiago, Chile, which indirectly owns controlling shareholdings in Ferrocarril del Pacífico S.A., a Chilean railroad company in which IFC has an existing investment, in Ferroviaria Oriental S.A. (FCO), a Bolivian railroad company, and through FCO, in Administradora de Ferrocarriles de Arica a La Paz, a Chilean railroad company.
Description of Company and Purpose of Project
CBT was established to participate in the restructuring of transportation infrastructure ownership and operation occurring throughout Latin America. Its focus is to acquire and operate railroads hauling primarily cargo and, through or in conjunction with these railroads, develop and operate related businesses such as equipment leasing, transportation logistics, intermodal services, warehousing and ports.
The Project consists of the purchase of existing shares from CBTI and an increase in capital of CBT to enable CBT to pursue new investment opportunities in Latin America as countries, including Colombia, Peru, and Chile, privatize their railroads.
Environmental Category and Issues
This is a Financial Intermediary (FI) category project according to IFC''s environmental review procedure. (FI) will be required to undertake an environmental review of eligible investee companies’ operations. In addition, IFC will assess (FI)’s capability to carry out environmental reviews of each investee company.
The is from the InfoShop.
| Date SPI sent to InfoShop | July 7, 1998 |
“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 974-4384
Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Sponsor / Cost / Location
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