PARA II - Transport Infrastructure for Regional Development (NDB-paraiitransportinfras)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
State of Pará
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
Government of Brazil
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 153.00 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)
$ 190.00 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.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 15, 2021

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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 State of Pará has a road network of 11,745 km, out of which only 33.7% is currently paved. This challenge is hampering the state’s internal and external connectivity, affecting its capacity to export its production, and limiting the development and economic integration of its municipalities. These unpaved roads have high accident rates, and in some sections, speed is limited to between 10 to 20 km/h, resulting in long travel time. Major challenges currently faced by the state’s road network are inadequate road infrastructure, poor road conditions, lack of pavement, and concerning road safety. Development of the road infrastructure has become a priority for the State of Pará, which is consistent with the state’s goal to facilitate growth. To address the issue, the Government of Pará has developed the Regional Development and Integration Project (PRODEIR) to promote the economic and social development of the State and reduce intra-regional inequalities. In alignment with Government of Pará’s goal, the PARA II Project, the second sovereign loan from NDB to the State of Pará, is proposed to support the development of the state’s road infrastructure.

The objective of the Project is to improve the State of Pará’s connectivity and to promote regional development by rehabilitating existing unpaved roads.

The Para II Project includes subprojects in five regions for a total of 472 km road pavements, as described below:
1) Tocantins Region (Road PA-407): 17 km of road pavement between the Maiauatá village and PA-151.
2) Rio Capim Region (Road PA-256): 151 km of road pavement in three different sections and upgrade of 18 small bridges.
3) Xingu Region (Roads PA-370 and TransUruará): 145 km of road pavement distributed in four different sections and upgrade of two bridges.
4) Rio Caeté Region (Road PA-448): 27 km of road pavement
5) Baixo Amazonas Region (Roads PA-427, PA-423, PA-254, PA-439, PA-437): 132 km of road pavement in five different sections, and upgrade of 11 bridges.

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.

ACCESS TO INFORMATION

You can submit an information request for project information through a form at the bottom of the following webpage https://www.ndb.int/about-us/contact-us Alternatively, you can send an e-mail to info@ndb.int

ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK

The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing

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