BR Federal Roads (IFC-602410)

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
  • 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
Nov 14, 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
Empresa de Planejamento e Logística (EPL)
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 26, 2018

Disclosed by Bank Oct 24, 2018


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Project Description

According to IFC website, IFC will help Brazil’s Empresa de Planejamento e Logística (EPL), and federal government agency, in structuring and promoting its Roads Concessions Program. The Program encompasses four batches of federal roads covering more than 2,000 km. Further, the new road concessions, encompassing more than 2,000 km of roads, are expected to better link the major economic centers of Brazil, and improve connectivity between the mid-west and north regions of the country; improve logistics conditions among economically relevant cities; enhance overall road safety to roads users; and improve the quality of the roads and decrease traffic congestion in regions of major economic importance in Brazil. The project will also help introduce new standards of international investment in Brazil’s infrastructure market and introduce operational innovations in the road sector.

People Affected By This Project

The new road concessions, encompassing more than 2,000 km of roads, are expected to better link the major economic centers of Brazil, and improve connectivity between the mid-west and north regions of the country; improve logistics conditions among economically relevant cities; enhance overall road safety to roads users; and improve the quality of the roads and decrease traffic congestion in regions of major economic importance in Brazil. The project will also help introduce new standards of international investment in Brazil’s infrastructure market and introduce operational innovations in the road sector.

Investment Description
  • International Finance Corporation (IFC)

There was no information at the time of the snapshot

Private Actors
Contact Information

No contact information provided at the time of disclosure.

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/