Original disclosure @ NDB website
Updated in EWS Sep 29, 2022
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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.
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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/.