SABESP Investment Program (NDB-sabespinvestmentprogr)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
State of São Paulo
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
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
Jul 18, 2022
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
Companhia de Saneamento Básico do Estado de São Paulo – SABESP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • 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)
$ 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)
$ 1,600.00 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.
Currency conversion note:
Bank reported BRL 8 billion
Converted using 2022-08-23 exchange rate.
Bank Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Aug 23, 2022

Disclosed by Bank Sep 1, 2020

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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 CONTEXT

In the State of Sao Paulo (the State), water security remains one of the greatest development challenges. Irregular settlements, uncontrolled discharge of wastewater and untreated sewage continue to deteriorate water reservoirs that are important sources of water supply. Major gaps remain in expanding the water and sanitation service coverage towards the goal of universal access, reducing pollution in the water bodies, and increasing operational efficiency of water utilities.SABESP, the State's main water and sanitation service provider covering 62% of its total population, has embarked on the SABESP Investment Program (the Program) in order to address these challenges.

PROJECT OBJECTIVE

The objective of the Program is to support SABESP in its capital expenditure program for service expansion, environmental protection and operational sustainability.

PROJECT DESCRIPTION

The Program comprises the following components:Service expansion: connecting more households to water supply and sewage collection networks to ensure universal access;Environmental protection: delivering more wastewater to treatment facilities and augmenting treatment capacities to enhance pollution control; andOperational sustainability: supporting applications of sustainable solutions in selected sewage treatment plants, contributing to reduction of greenhouse gas emissions.

EXPECTED BENEFITS

The Program will contribute to the water security and economic competitiveness of the State through the development of sustainable water supply and sanitation infrastructure, in accordance with Brazil's national plan of the water sector. In particular, the Program will support expansion of water and sanitation services towards reaching universal access, meeting growing demand for services, and reduction of negative environmental impacts as well as water losses.The Program is aligned with NDB's General Strategy and the Bank's key areas of operation which include "Irrigation, water resource management and sanitation". The Program will contribute to achieving the Sustainable Development Goal 6, which aims at ensuring availability and sustainable management of water and sanitation for all.

ENVIRONMENTAL AND SOCIAL ASPECT

The Program has been categorized as Category B in line with the NDB's Environment and Social Framework (ESF), with an environmental and social risk tier of B-2 'Medium Risk'. Main E&S impacts will be addressed and mitigated by implementing relevant E&S management plans as per the country system, E&S permit conditions, and additional measures for the Program agreed with NDB and reflected in the Environmental and Social Impact Management Plan. Upon successful implementation of these plans, the Program will comply with the requirements of the E&S country systems and NDB's ESF.

IMPLEMENTATION

The implementation period of the Program: 2022-2024.

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.

NDB

 

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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