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

Countries
  • Brazil
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
Bank Risk Rating
U
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.
Borrower
Municipality of Sorocaba
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, 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 @ NDB website

Updated in EWS Sep 28, 2019


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

Project 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
  • New Development Bank (NDB)
Contact Information

No contact information provided at the time of disclosure.