Fortaleza Sustainable Urban Development Project (WB-P153012)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Sectors
  • Water and Sanitation
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)
$ 73.30 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)
$ 146.60 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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 6, 2017

Disclosed by Bank Mar 12, 2015

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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.
The objectives of the Fortaleza Sustainable Urban Development Project for Brazil are to: (a) strengthen the capacity of the Municipality of Fortaleza for land use planning and land-based financing; and (b) enhance urban environment and rehabilitate public spaces, through interventions in selected areas of the Vertente Marítima Basin and of the Rachel de Queiroz Park. There are three components to the project, the first component being urban and environmental restoration. The objective is to promote urban and environmental restoration of selected areas of the city through selected investments in public spaces and sanitation. Implementation of these interventions also aims at strengthening the PMF’s capacity for urban planning and environmental management. This component includes two subcomponents: restoration of Rachel de Queiroz (RDQ) park, and reducing point-source pollution along Vertente Marítima (VM). The second component is the strengthening planning and land-based financing. Finally, the third component is the project management. Provision of support for, inter alia: (i) the technical and administrative management and the monitoring and evaluation of the project; (ii) the carrying out the project’s financial management and procurement requirements; (iii) the carrying out of outreach activities in connection with the project; (iv) the provision of equipment and training (on, inter alia, technical, environmental and social safeguards management) to SEUMA’s staff for the purpose of project implementation; and (v) the provision of technical assistance and supplies to strengthen the Borrower’s auditing, financial control and procurement capacity.
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.
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.

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