Develop Sorocaba - Sorocaba Mobility and Urban Development Project (NDB-DEVELOPSOROCABA)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
Municipality of Sorocaba
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.
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."
Borrower
Municipality of Sorocaba
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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)
$ 40.00 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.
Loan Amount (USD)
$ 40.00 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)
$ 50.00 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.
Primary Source

Original disclosure @ NDB website

Updated in EWS Sep 28, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.

According to NDB website, urban mobility infrastructure has lagged in Sorocaba, a municipality located in the southern part of the state of Sao Paulo in Brazil and an important urban and industrial center in the region. As a result, traffic congestions and long wait time are common. Many roads in Sorocaba are in urgent need of repairs or reconstruction to meet the safety standards. Some of the roads are not accessible on rainy days because of severe water-logging problems and the lack of drainage infrastructure.

In this context, the Sorocaba Mobility and Urban Development Project is proposed with the objective to improve Sorocaba's transport connectivity, ease the traffic congestions and to ultimately support sustainable socio-economic development of Sorocaba through sustainable urban infrastructure. The contents of the proposed Project include: (i) rehabilitation of roads with pavements and cycle tracks, construction of macro and micro drainage system; (ii) construction of underpasses at busy road intersections; (iii) extension and widening of urban roads, with sidewalks and cycle tracks.

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.

No contact information provided at the time of disclosure. 

How it works

How it works