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IFC Projects Database

IFC Projects Database > Projects > Investment Projects
Transamerica
Environmental & Social Review Summary

This Environmental and Social Review Summary is prepared and distributed in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board of Director’s decision. Board dates are estimates only.
Any documentation which is attached to this Environmental and Social Review Summary has been prepared by the project sponsor and authorization has been given for public release. IFC has reviewed this documentation and considers that it is of adequate quality to be released to the public but does not endorse the content.
Project number 26406
Country
Central America Region
RegionLatin America and the Caribbean
SectorOther (Including General Freight Trucking)
Department
Company nameH&H
Environmental category:B
StatusActive
Date ESRS disclosedNovember 19, 2007
Previous EventsInvested: April 10, 2008
Signed: March 7, 2008
Approved: February 20, 2008
View Summary of Proposed Investment (SPI), click here

OverviewCategory &

Applicable Standards
Key Issues

& Mitigation
Community/

Engagements
Client's

Documentation

Overview of IFC's scope of review
IFC has reviewed the current status of the project and the process followed to assess its environmental and social impacts. IFC’s appraisal consisted of:

- Site visits and inspections of facilities in Costa Rica, Nicaragua, and Guatemala;
- Interviewing company senior management, operations managers, and support staff of key areas such as human resources and the legal department in Costa Rica, Nicaragua, and Guatemala; and
- Reviewing of sample environmental and social documentation including environmental permits, government inspection records, and operational procedures and statistics.
Project description
Transamerica is the largest intermodal trucking company in Central America. It operates largest fleet of trucks and trailers in Central America and owns/leases container yards in Costa Rica, Nicaragua, Honduras, El Salvador and Guatemala. It has established itself in the market as being a reliable and efficient trucking company. The Project comprises: an upgrade and expansion of Transamerica’s freight hauling capabilities through purchase of vehicles; and the refinancing of some existing short and medium term debt.

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