
The case takes place in the port city of Cartagena. In the 1980's the Cotton Growers Federation owned vast areas of land south of the city, and used it as a hazardous waste land disposal area for obsolete pesticides, mainly organophosphates and organchlorines. In the 1990's, the Federation sold the property to the government, which later on sold it to Bancolombia, the largest bank and construction developer in the country. Little did Bancolombia know that when they started developing the land for residential use, it would be faced with an unprecedented site contamination case. This of course, brings about issues of responsible parties and at present none other than the bank has been held responsible for the site remediation.

The case was taken to the Chamber of Representatives by the bank and established a lawsuit against the Colombian Ministry of Territory for assigning the lands for residential development. At this moment, no result has come out of this. The bank, however, argues that the problem would have been avoided if a land assessment study would have been contracted by the government prior to the emission of the building permits, and if the complaints from nearby residents had been attended to on time (http://direccion.camara.gov.co/camara/site/artic/20060623/pags/20060623125302.html). At present, the Ministry of Environment has no rulings or standards regarding Phase I or II Environmental Site Assessment or Transaction Screening.
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Also, one of the most interesting parts of this case is how poorly managed (or who know intelligently managed) the risk communication has been. I am aware of the existence of this case because I work with one of the companies interested in providing the site remediation services to the bank. However, the majority of the population, including those living in nearby areas, are ignorant of the situation and the long process that is taking place to find a solution. The government and the bank have taken special care of the information, I guess in order to avoid public outrage and protect economic and political factors of the situation.
As far as hazard identification, exposure assessment and toxicity assessment are concerned, they to be determined by ERM, including risk characterization. Nonetheless, I am almost sure none of this information will be made public, and will be used only by the bank to make the most adequate and feasible decision. I must also add, that in short, the bank wishes to put this behind as soon and as quietly as possible, in order to maintain their reputation, put an end to the government's pressure, and of course, to sell the houses.
If you wish to read about the resolutions emitted by the Ministry of Environment ordering the bank to take charge of the situation, please click on the links below (I do apologize but they are in Spanish):
http://www1.minambiente.gov.co/prensa/gacetas/2007/febrero/res_0291_190207.pdfhttp://www1.minambiente.gov.co/prensa/gacetas/2006/febrero/res_236_080206.pdf
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