Para Sustainable Municipalities Project (NDB-parsustainablemunicip)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
State of Pará, Brazil
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.
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."
Voting Date
Mar 5, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
The Government of the State of Para with Sovereign Guarantee from the Federative Republic of Brazil.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Infrastructure
  • 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)
$ 50.00 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.
Loan Amount (USD)
$ 50.00 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)
$ 125.00 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.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jan 18, 2022


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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.

PROJECT DESCRIPTION

The Project consists of developing urban mobility, sanitation and communication programs in various cities alongside the Trans-Amazonian highway in Para state. The Project includes three main components: i) Drainage and Road Paving program intends to pave 186 km of existing urban dirt roads (streets) and manage pluvial draining in 12 municipalities to improve the urban condition of the cities;ii) Sanitation program intends to build 5 waste disposal sites serving 12 municipalities to improve waste management in the state of Para allowing communities and cities to have adequate final destinations for solid waste, thereby improving sustainability;iii) Telecommunications program intends to extend fiber optic internet connectivity to 29 municipalities (a total cable length of 1,000km) that currently do not have proper internet access NDB will finance the Project through a Project Loan with Sovereign Guarantee from the Federative Republic of Brazil of up to USD 50 million to the state of Para to support the drainage and road paving program.

ENVIRONMENTAL AND SOCIAL ASPECT

The Project's positive development impacts include bringing all-weather connectivity within the city to residents of the municipalities, decreased flooding, improved sanitation, and reduced road maintenance cost after implementation of superficial and underground drainage system along the roads. The Project also contributes to bringing better internet connectivity to 29 municipalities, improved urban solid waste management and promoting better urban planning through the development of Master Plans of the state. The component of Road and Drainage financed by NDB is categorized as "B" in accordance with the NDB Environment and Social Framework. The Project's negative impacts are site specific, with few, if any, irreversible impacts and in most cases mitigation measures can be designed and implemented easily. The Project does not lead to expansion of roads, land acquisition or impacts on natural environments.

IMPLEMENTATION

The Project is estimated to be implemented over 3 years between 2018 and 2021. The procurement for the Project will be conducted through a competitive and transparent bidding process.

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.

UNINFORMED

How it works

How it works