North Region Transportation Infrastructure Improvement Project (NDB-NORTHREGION)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Pará and 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
A
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
Nov 12, 2019
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
Vale S.A.
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Mining
  • 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)
$ 300.00 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)
$ 361.00 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 Dec 2, 2019


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Project Description

According to the bank, "the North Region Transportation Infrastructure Improvement Project is proposed to help improve Vale’s capacity and ability to transport iron ore from its mines to its ports, and to global markets. The Project will help Vale strengthen its operational efficiency through improving its logistics infrastructure. The contents of the Project include upgrade of the transportation infrastructure capacity of Vale’s Northern System in the states of Pará and Maranhão, encompassing the Carajás Railway and the Ponta da Madeira Port Terminal."

Investment Description
  • New Development Bank (NDB)
Private Actors