Teresina Educational Infrastructure Program (NDB-teresinaeducationalin)

  • Brazil
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
Bank Risk Rating
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, 2020
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.
The Municipality of Teresina
The holder of the loan, grant, or other investment.
  • Construction
  • Education and Health
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 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)
$ 62.50 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 8, 2020

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project 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

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
NDB Borrower Implementation Agency
Project Team Leader:

Raisa Leao

Name: Marcus Cesar Ribeiro Barretto
Name: Firmino Filho