Sociedad Concesionaria Vial Montes de Maria S.A.S. SPO provided by V.E.
V.E has provided a Second Party Opinion (SPO) on Sociedad Concesionaria Vial Montes de Maria S.A.S.’ Social Bond. The Bond will refinance the Project ‘Puerta de Hierro – Palmar de Varela y Careto Cruz del Viso’ in Colombia. The project is located in the Caribbean region of Colombia including the Bolivar, Sucre and Atlantico departments. Between the Bolívar and Sucre departments, stands the Montes de María subregion, an area historically devastated by illegal armed violence and displacement.
V.E is of the opinion that this Bond is aligned with the four core components of the Social Bond Principles (SBP). We express a robust assurance on the contribution of this bond to sustainability. The project aims to increase connectivity by granting better access to urban centers and basic services for the people of the Bolivar, Sucre and Atlántico departments, contributing to the overall local development of this region. In addition, the project created over 2,500 direct and indirect jobs in the zone economically depressed due to the violence context in previous years.
Sociedad Concesionaria Vial Montes de María S.A.S. is a company fully owned by Sacyr Concesiones Colombia S.A.S. a subsidiary of Sacyr Group, which is involved in several infrastructure development projects around the world.
V.E has produced more than 330 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.
Please find the full SPO available below.
For more information on this mission and V.E’s SPO services for Bonds and Loans: