Teresina Educational Infrastructure Program (NDB-teresinaeducationalin)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
City of Teresina
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
Jun 29, 2020
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
The Municipality of Teresina
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Education and Health
  • Infrastructure
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)
$ 50.00 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)
$ 62.50 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 Jul 8, 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.

(i)Full Time schools: Construction of eight new full-time elementary schools, accommodating students from grades 1-9, with a capacity from 1,000 to 1,200 each, totaling 9,400 pupils in vulnerable neighborhoods of the municipality.(ii)Retrofit of existing schools: Retrofitting of seven existing small part-time elementary schools into kindergarten units, with an estimation of 2,300 new enrollments.(iii)Urban Requalification: Urban Requalification of the surrounding areas of at least 15 schools and kindergartens, to improve accessibility, safety and access to public transportation.(iv)Part-time schools construction: Conclude civil works of thirteen schools currently under construction or in bidding process, fully financed by counterpart funds.(v)Strengthening Educational System, Monitoring, Evaluation and Project Management: Support the remodeling of Teresina's educational program through financing studies for joint development of a pedagogical plan, operational and logistics for cost-benefit optimization of the municipality educational network, with support from consultants. Engagement of external audit firm for the Project, support for Project management and preparation of monitoring assessment reports.

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

The loan is accompanied by a Sovereign Guarantee from the Government of Brazil.

The rest of the investment (USD 12.5 million) will be disbursed by the Municipality of Teresina-PI.


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 Borrower Implementation Agency
Project Team Leader:

Raisa Leao
leao.raisa@ndb.int

 Name: Marcus Cesar Ribeiro Barretto
seain.cogex@planejamento.gov.br		 Name: Firmino Filho

cidadaniaintegral.semec@pmt.pi.gov.br

How it works

How it works