AEGEA Water & Sanitation Project Facility (NDB-aegeawatersanitationp)

Countries
  • Brazil
Geographic location 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
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 8, 2021
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
AEGEA Saneamento e Participações S.A. (AEGEA)
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)
$ 100.00 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.
Project Cost (USD)
$ 1,000.00 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.
Bank Documents
Media Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Sep 27, 2022

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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.

PROJECT CONTEXT

According to the most recent national data on Water and Sanitation Services (WSS)1, only 61.9% of the Brazilian urban population have access to sewage collection, and 49.1% benefit from sewage treatment.To address the issue of Brazil's poor WSS infrastructure, a new sanitation legal framework sets national goals of 99% of water coverage and 90% of sewage coverage by 2033. This framework also enables a more attractive business environment for private operators by establishing competitive bidding processes to award concessions for WSS. It is expected that the increased participation of the private sector will increase efficiency of the sector by bringing efficient managerial and operational expertise and investments.

PROJECT OBJECTIVE

The Project's investments will result in increased access to clean water with simultaneous decrease of water distribution losses, connections of new household to sewage networks, and reduction of untreated wastewater discharge into environment. Ultimately, the Project will contribute to the Brazilian government's goal to achieve universalization of WWS in Brazil by 2033.WSS is one of the priority sectors to NDB, according to the Bank's 2017-2021 General Strategy. The Project is expected to contribute primarily towards SDG #6, in particular:(i) achieving universal and equitable access to safe and affordable drinking water for all; and(ii) protecting and restoring water-related ecosystems.The Project will also support private sector participation in WSS sector in Brazil.

PROJECT DESCRIPTION

The NDB is considering a long-term loan to AEGEA, one of the leading Brazilian private operators in the water supply and wastewater treatment sector. The loan proceeds will be used to support the AEGEA in upgrading its water and sanitation infrastructure in multiple municipalities, improving service quality, and increasing safety and efficiency of operations.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - AEGEA Saneamento e Participações S.A. (AEGEA) Investor Water and Sanitation

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCESS TO INFORMATION

You can submit an information request for project information though a form at the bottom of the following webpoage https://www.ndb.int/about-us/contact-us/. Alternatively, you can send an e-mail to info@ndb.int . 

 

ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK

 

The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing/.

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How it works