BYD Salvador
Company name
Metrogreen Skyrail Concessionária da Bahia S.A
Project number
12858-01
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Brazil
Sector
Transport
Status
Closed
Disclosed date
01/24/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/08/2022
Approval date
N/A
Signed date
N/A
Sponsoring entity
Metrogreen do Brasil LTDA and BYD do Brasil LTDA
Investment Operations Department Contact
Portfolio Management Division
Investment type
Loan
Syndicated amount
USD $ 50,000,000
Financing amount
USD $ 250,000,000
Currency
USD
Project scope and objective
The Skyrail Bahia project (the "Project") consists of the design, building and operation of a 23.28km, 26 station monorail line in Salvador de Bahia (Phase I and Phase II) under the terms of a 35-year Public Private Partnership. Phase I is 19.2 km double line from Ilha de Sao Joao station to Comercio station. Phase I has 21 stations with an average interval of 0.9km. Phase II goes from Porto São Joaquim station to Acesso Norte station, with a total length of 4.08 km and four stations.
A consortium formed by BYD and Metrogreen won the public tender in May 2018 and was awarded the Project under a PPP Agreement signed on February 2019 with the Office of Urban Development (SEDUR) of the State Government of Bahia.
The IDB Group will provide financing to pay for CAPEX and other project costs during construction (estimated at US$842 MM) through a US$240 MM loan with an up to 20-year door-to-door tenor.
The Project will improve the level of regional public transport services, establish large capacity public transport corridors in Salvador, strengthen the links between the urban areas of Salvador and establish cultural tourism brand in Salvador.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
bianca.santos@byd.com
PHONE NUMBER
+55 11 96320-9672
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
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