Porto Sao Luis Project (NDB-portosolusproject-bra)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
São Luís City, State of 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.
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
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
  • 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)
$ 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.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Sep 29, 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

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.

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 though a form at the bottom of the following webpoage 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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