Aparecida de Goiania 100 Years' Infrastructure Program (NDB-aparecidadegoinia100y)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
Municipality of Aparecida de Goiânia
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
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
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
Dec 24, 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
Municipality of Aparecida de Goiania
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Infrastructure
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)
$ 120.00 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)
$ 150.00 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
Primary Source

Original disclosure @ NDB website

Updated in EWS Jun 23, 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

The Municipality of Aparecida de Goiania (PMAG) is the second largest city in the state of Goias with a population of more than 600,000. Since the 1990s, PMAG has been transforming from a dormitory city to one of the five industrial hubs in the state, currently representing 10% of the state's industrial output with over 2,000 industries ranging from the agriculture to pharmaceutical sectors. This transformation has caused a 238% linear population increase and led to disorderly expansion of neighborhoods resulting in urban mobility issues with limited local access and long commutes, and a social unbalance in access to public education and in quality of life overall.

PROJECT OBJECTIVE

A direct contribution to PMAG's Social Mobility Program by tackling urban development on two fronts: mobility and social infrastructure, aiming to resolve key challenges arisen from the fast population growth in the past decades.

PROJECT DESCRIPTION

The Project comprises the following key components:i) Street Pavement - Includes streets in 115 neighborhoods, for a total length of approximatively 214 km, to achieve 100% of the city street network paved.ii) Bridges, Underpasses and Overpasses - Construction of four bridges, two underpasses and two overpasses to improve mobility and connectivity.iii) Park Urbanization - Four parks covering a total area of approximatively 351,000 m2.iv) School Buildings - Construction of 15 school buildings, including 11 for early childhood education (ages zero to five) and four elementary schools (ages five to ten).

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

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/.

How it works

How it works