2026.06.18
Through the Trust Fund Achieving Development in Latin America and the Caribbean (TADAC*) invested by the Japan International Cooperation Agency (JICA), the Inter-American Development Bank’s investment arm (IDB Invest) signed a loan agreement with Grupo RAS, a leading logistics group in the Oriental Republic of Uruguay, to support industrial development of the country.
With this financing, Grupo RAS will expand the Ruta 5 Industrial Park (hereinafter referred to as “RIP5”) and its related logistics infrastructure. The Government of Uruguay is promoting the development of industrial parks within the country as a hub for trade and logistics in the Latin American region, and RIP5 is one of the industrial parks approved by the government. This loan is expected to contribute to the development of a sustainable industrial base in the country, thereby fostering the development of the regional economy.
(*Note)
JICA invests up to USD1 billion in the Trust Fund Achieving Development of Latin America and the Caribbean (TADAC). The Fund is established within IDB, the largest development finance institution in Latin America and the Caribbean region, and managed by IDB Invest, the private sector investment arm of the IDB Group. TADAC will co-finance with IDB Invest to support private sector initiatives that contribute to the achievement of the SDGs. This investment aims to reduce the SDGs financing gap in the region, thereby contributing to its sustainable socioeconomic development.
Port of Montevideo close to RIP5
The project outline is explained below.
- Borrower
Subsidiaries of Grupo RAS
- Country (Target Areas)
Oriental Republic of Uruguay
- Loan Amount
15 million USD
- Project Purpose
This project aims to support the expansion of environmentally and socially responsible industrial parks through long-term financing provided to Grupo RAS, thereby contributing to the development of a sustainable industrial infrastructure and, ultimately, to the growth of the regional economy.
- Project Component
The financing for this project will be used for the expansion of the RIP5 and the development of related logistics infrastructure undertaken by Grupo RAS.
- Contribution to SDGs
Goal 8 (Decent work and economic growth)
Goal 9 (Industry, innovation and infrastructure)
Goal 13 (Climate Action)
IDB Invest’s news release: IDB Invest Supports the Expansion of Grupo RAS’s Ruta 5 Industrial Park in Uruguay | IDB Invest
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