Early Warning System

Countries

Brazil

Geographic location where the impacts of the investment may be experienced.

Specific Location

Municipality of Aracaju

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

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

Dec 24, 2021

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

Municipality of Aracaju

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

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)

$ 84.00 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)

$ 105.00 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.

Bank Documents

Project Summary Document

Primary Source

Original disclosure @ NDB website

Updated in EWS Apr 8, 2022

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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

The Municipality of Aracaju (PMA) is located on the east side of the state of Sergipe. Although it is the least populated capital in the northeast region of Brazil, it had a population increase of 45% in the past 20 years, entailing challenges related to inadequate urban infrastructure. In addition, the city is also susceptible to floods affecting areas with low-lying topography, including the Expansion Zone, one of the city's areas affected by the scarcity of basic sanitation, difficulties with stormwater drainage and lack wastewater sewer system.

PROJECT OBJECTIVE

Contribute to PMA's urban infrastructure to stimulate economic and social development, resulting on an improvement to the the quality of life for the vulnerable population.

PROJECT DESCRIPTION

The Project comprises the following key components:i) Integrated Sanitation - Implementation of stormwater and wastewater sewer systems at 19 different locations throughout the city with a total length of 60 km.ii) Flood Management - Restoration of water channel network through dredging and resizing at three locations (Poxim River, Medici and Anisio Azevedo Channels), for a total length of 11 km. It also includes the construction of a 19 km open water channel network in the Expansion Zone.iii) Urban Mobility - Replacement of top pavement layer through mill and overlay of five avenues with significant traffic volumes (Pres. Tancredo Neves, Visconde de Maracaju, Maranhao, Melicio Machado and Naufragos)

Investment Description

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

New Development Bank (NDB)

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 HEADQUARTERS

1600, Guozhan Road, Pudong New District,
Shanghai – 200126
China

AMERICAS REGIONAL OFFICE

Rua Surubim 504, 7^o andar –
Brooklin Novo, São Paulo
Brazil

Telephone: +55 11 2657-8180
Email: aro@ndb.int

Brasília Sub-Office
SBN Quadra 1 bloco I, Ed. Armando Monteiro Neto, 2^o andar, Asa Norte
Brasília – DF CEP 70040-913
Brazil

Telephone: +55 61 3799-0620
Email: aro@ndb.int