Maranhao Road Corridor - South North Integration (Brazil) (NDB-maranhaoroadcorridors)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Maranhão
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
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
Mar 5, 2018
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.
Borrower
The Government of the State of Maranhão
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Construction
  • Transport
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)
$ 71.00 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)
$ 71.00 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)
$ 190.00 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 Jul 6, 2018


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Project Description

The bank states that the Maranhão Road project consists of the reconstruction of 233 km of the North-South state highway MA-006, which are currently in poor conditions. The highway is part of an existing corridor connecting the grain production region in the south of the State to the Itaqui Port in the north of Maranhão. The rehabilitation of southern sections of the road have been prioritized since there are no alternative roads along this corridor and this is the main grain producing area.

The proposed Loan will finance the costs of rebuilding a section of the road spanning 143 km.

Investment Description
  • New Development Bank (NDB)

Other sources of fincancing are: 
CAF - 77 million USD
State of Maranhão - 42 million USD

Contact Information

To contact the New Development Bank: projects@ndb.int