DEVELOP SOROCABA – SOROCABA MOBILITY AND URBAN DEVELOPMENT PROJECT (NDB-DEVELOPSOROCABASO)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Brazil
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Apr 16, 2019


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Project Description

According to the bank, the Sorocaba Mobility and Urban Development Project is proposed with the objective to improve Sorocaba’s transport connectivity, ease the traffic congestions and to ultimately support sustainable socio-economic development of Sorocaba through sustainable urban infrastructure. The contents of the proposed Project include: (i) rehabilitation of roads with pavements and cycle tracks, construction of macro and micro drainage system; (ii) construction of underpasses at busy road intersections; (iii) extension and widening of urban roads, with sidewalks and cycle tracks.

Investment Description
  • New Development Bank (NDB)