COPASA WATER AND SANITATION PROGRAMME (EIB-20190288)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 24, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
COMPANHIA DE SANEAMENTO DE MINAS GERAIS - COPASA MG
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Water and Sanitation
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 161.01 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 145
Converted using 2019-10-24 exchange rate.
Project Cost (USD)
$ 323.13 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 291
Converted using 2019-10-24 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Nov 27, 2019

Disclosed by Bank Oct 25, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project will support COPASA's investment programme focusing on water and sanitation infrastructure.

This project will improve access to water and sanitation services in COPASA's area of operation. The purpose it is to achieve the objectives under the Brazilian National Plan for Basic Sanitation (2014), as well as the Sustainable Development Goals.

It is estimated that the investment will be used for construction of new wastewater treatment plants (WTPs), expansion of services to unconnected customers, ensure service provision due to population growth, pumping stations and new required infrastructure.

 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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