BNDES-NDB Sustainable Infrastructure Project (NDB-bndesndbsustainablein)

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
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
Aug 17, 2020
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
Government of Brazil
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Energy
  • Finance
  • Infrastructure
  • Transport
  • 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)
$ 1,200.00 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)
$ 1,500.00 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.
Campaign Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS May 26, 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.

"The NDB loan will support BNDES in financing projects in the public and private sectors with the scope of works focused on developing sustainable infrastructure aiming at the achievement of selected SDGs. Preliminary indication of sectors and activities to be financed by the Project are:

(i) Water and Sanitation – projects focused on the treatment/expansion of sewage systems, urban drainage and flood management, solid waste management and water supply;

(ii) Renewable energy and energy efficiency – renewable energy generation projects, such as implementation of wind farms, photovoltaic plants, compressed hydrogen gas (CHG), natural gas thermal power plants, separate heat and power (SHP), biomass and waste-to-energy plants, public lightening and other technologies, energy transmission and distribution systems, which allow for increased access and/or greater energy efficiency and economic productivity;

(iii) Mobility and urban and rural development – road infrastructure, such as civil works and equipment to improve infrastructure of urban and rural streets, rural lighting, cellular infrastructure for rural areas, smart cities projects, roads and bridges, logistic and port infrastructure;

(iv) Water resource management – water resource management and water security projects, protection of rivers, slopes, springs, floodplains, and irrigation that contribute to the mitigation of effects of climate change; and

(v) BNDES Project Factory – by providing technical assistance to sub-borrowers for structuring of infrastructure projects and it may take the form of feasibility studies, financial modelling, basic and detailed designs and municipal infrastructure asset management plans, contemplating the technical, economic, financial, legal and socio-environmental feasibility of public and private investments, PPPs and concessions."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

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 through a form at the bottom of the following webpage 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