Porto Sao Luis Project (NDB-portosaoluisproject-b)

Countries
  • Brazil
Geographic location 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
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."
Voting Date
Nov 12, 2019
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
TUP Porto Sao Luis S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 300.00 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)
$ 523.00 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 Nov 13, 2019

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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.

Below is the logic of the bank to finance this project:

"Brazil's current port infrastructure is inadequate to service the growing global demand for Brazilian agricultural and mineral products. Mobilizing private sector investments in the port sector can bring benefits not only in terms of capital participation, but also in relation to cutting-edge technologies and transfer of expertise, particularly in the domain of highly specialized managerial and operational skills. Over the last three decades, public-private partnerships have emerged as a mechanism to leverage greater private investment participation in port development and to access specialized skills, innovations, and new technologies associated with infrastructure development, operations and maintenance.

The Porto Sao Luis Project is proposed to support the construction of a greenfield private port terminal located in the Organized Port Complex of Itaqui, in the municipality of Sao Luis, State of Maranhao. The Project is strategically located to increase the north region's capacity to drain the production of Brazil's expanding agricultural frontier (States of Mato Grosso, Goias, Tocantins, Para, Maranhao, and Piaui), which will facilitate the export of grains coming from the midwest of the country, and the imports of fertilizers and liquid bulks."

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

How it works

How it works