BH Green Blue: Carbon Reduction Program

The general objective of the program is to contribute to the sustainable and inclusive development of Belo Horizonte through the consolidation of a new polycentric urban model. The specific objectives are: (i) Consolidate urban centralities by increasing the supply of infrastructure and services; (ii) Strengthen the resilience of green-blue urban infrastructure and its capacity to adapt to climate change; (iii) Strengthen institutional and social capacities to implement the new polycentric urban model.

Project Detail

Country

Brazil

Project Number

BR-L1663

Approval Date

Project Status

Preparation

Project Type

Loan Operation

Sector

URBAN DEVELOPMENT AND HOUSING

Subsector

URBAN LAND PLANNING AND MANAGEMENT

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

GOM (Global of Multiple Works Operation)

Facility Type

Environmental and Social Impact Category (ESIC)

Category B: Likely to cause mostly local and short-term negative environmental and associated social impacts and for which effective mitigation measures are readily available

Total Cost

USD 100,000,000.00

Country Counterpart Financing

USD 20,000,000.00

Original Amount Approved

USD 80,000,000.00