(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.
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.