Where the impacts of the investment may be experienced.
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating: B
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.
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): $ 73.30 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): $ 146.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Do you have more information on
this project, or want to get involved?
Fortaleza Sustainable Urban Development Project
The objectives of the Fortaleza Sustainable Urban Development Project for Brazil are to: (a) strengthen the capacity of the Municipality of Fortaleza for land use planning and land-based financing; and (b) enhance urban environment and rehabilitate public spaces, through interventions in selected areas of the Vertente Marítima Basin and of the Rachel de Queiroz Park. There are three components to the project, the first component being urban and environmental restoration. The objective is to promote urban and environmental restoration of selected areas of the city through selected investments in public spaces and sanitation. Implementation of these interventions also aims at strengthening the PMF’s capacity for urban planning and environmental management. This component includes two subcomponents: restoration of Rachel de Queiroz (RDQ) park, and reducing point-source pollution along Vertente Marítima (VM). The second component is the strengthening planning and land-based financing. Finally, the third component is the project management. Provision of support for, inter alia: (i) the technical and administrative management and the monitoring and evaluation of the project; (ii) the carrying out the project’s financial management and procurement requirements; (iii) the carrying out of outreach activities in connection with the project; (iv) the provision of equipment and training (on, inter alia, technical, environmental and social safeguards management) to SEUMA’s staff for the purpose of project implementation; and (v) the provision of technical assistance and supplies to strengthen the Borrower’s auditing, financial control and procurement capacity.
ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing email@example.com
. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx