Rio SL (IFC-602132)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Rio de Janeiro
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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.
Voting Date
May 10, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Municipality of Rio de Janeiro
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 1.80 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 @ IFC website

Updated in EWS Nov 22, 2017

Disclosed by Bank Nov 15, 2017


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Project Description
IFC will work with the Municipality of Rio de Janeiro to design a PPP to modernize the city’s street lighting, reduce power consumption, and provide more energy efficient and better lit streets for the people of Rio. According to the bank, this project is expected to (i) help reduce Rio’s electricity consumption and CO2 emissions through the use of energy efficient lights and advance street lighting management systems; (ii) expand street lighting services to underserved communities in the city; (iii) reduce safety risks related to poorly lit streets; (iv) improve lighting quality; and (v) lower the frequency of lighting interruptions.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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