Sorocaba Mobility and Urban Development Project (NDB-sorocabamobilityandur)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Sorocaba City, São Paulo State
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
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 29, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Municipality of Sorocaba
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
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, etc.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jul 23, 2021


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Project Description

PROJECT CONTEXT

The MOS' growing population needs improved urban infrastructure to strengthen urban mobility and connectivity. This will be critical to ensure enhanced quality of life for the residents matching with the pace of economic development. Busy areas face traffic congestion, leading to long traffic wait times and consequently high vehicular emissions. Certain roads need to be widened to provide for increased vehicular traffic. Busy road intersections need to be provided with underpasses to reduce traffic wait times. Many roads in the municipality are in urgent need of repairs and reconstruction to provide safe and reliable transport facility to residents. Additionally, some roads face the problem of waterlogging, which needs to be resolved so as not to render them unusable at times.

PROJECT OBJECTIVE

The Project will improve existing road infrastructure, promotion of alternate means of transportation, increase in productivity of workforce, improvement in the environment and quality of lives of the residents of the MOS.

PROJECT DESCRIPTION

The Project comprises the following components:* Construction of macro drainage system covering an area of 24,000 m2.* Construction of underpasses at a busy three-way intersection.* Rehabilitation of road infrastructure (pavement, bicycle tracks and construction of micro drainage system) over an area of 940,000 m2.* Extension and widening of urban road with sidewalks and bicycle lanes, and construction of underpass to improve connectivity and promote alternate means of transport.* Construction of access road between city park and residential condominium with bridge for an extension of 1,300 meters.

EXPECTED BENEFITS

The Project will provide alternate means of transportation by improving urban mobility with: (i) increase in average speed of vehicles by 50%; (ii) reduction in travel time by 40%; (iii) reduction in the number of waterlogging/flood points from eight to zero, and; (iii) reduction in the annual road maintenance expenditure by 20%.

ENVIRONMENTAL AND SOCIAL ASPECT

The Project has been categorized as Category "B" in line with the New Development Bank (NDB)'s Environmental and Social Framework (ESF). Main environmental and social (E&S) impacts include land acquisition, impacts on riverside protected areas, removal of vegetation, temporary disruption of traffic and general construction impacts. These impacts will be mitigated by development of relevant E&S impact assessment studies, E&S management plans related to the country systems, as well as implementation of an Environmental and Social Impact Management Plan (ESIMP).

IMPLEMENTATION

The Project will be implemented over five years. The SEAD will be the Implementing Agency. Procurement will be conducted in compliance with the national law and regulations, and NDB's Procurement Policy.

Investment Description

Contact Information

Project Team Leader:
Fernando Silva
silva.fernando@ndb.int