IBRD Loan: US$166.65 million
Terms: Maturity = 30 years; Grace Period = 5 years
Project ID: P106663
Project Description: The Sao Paulo Feeder Roads Project in Brazil aims to improve the efficiency of the paved municipal road network. There are two components to the project. The first component of the project is feeder road rehabilitation. This component will provide financing for eligible civil works contracts under phase three of the pro-neighbourhood program, as well as possibly, depending on borrower's requests, the timing of loan effectiveness and conclusion of civil works under phases one and phase two, for a few eligible civil works contracts under these phases. The second component of the project is institutional strengthening. The project will support, through provision of equipment, training and consulting services, and the Secretariat's objective to improve its capacity to provide incentives for accelerating the undertaking of investments defined as priority by the state in its 2008-2011 multi-year expenditure program.