Santo Andre Sustainable Urban Mobility Program (IADB-BR-L1402)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
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
B
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
Jul 27, 2016
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.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 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 @ IADB website

Updated in EWS Dec 6, 2017

Disclosed by Bank Feb 27, 2015


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Project Description
The program's overall objective is to promote the sustainable urban mobility of the Município of Santo André (MSA), through: (i) the construction and rehabilitation of road infrastructure to enhance the integration of the MSA and the Metropolitan Region of São Paulo, both internally and with the country's other regions, and with the port of Santos; and (ii) the implementation of a more efficient transportation system, giving priority to the operation of public and non-motorized modes of transportation. These objectives are also expected to contribute to the reduction of traffic accidents and polluting gas emissions
Investment Description
  • Inter-American Development Bank (IADB)
TOTAL COST: USD 50,000,000 COUNTRY COUNTERPART FINANCING: USD 25,000,000 IADB FINANCING: USD 25,000,000
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).