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Company name

Universidade do Sul de Santa Catarina

Project number

BR1113A-01

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E&S category
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N/A

Country

Brazil

Sector

Social Infrastructure

Status

Inactive

Disclosed date

06/13/2001

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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07/20/2001

Approval date

07/20/2001

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

Portfolio Management Division

Investment type

Syndicated amount

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Financing amount

N/A

Currency

USD

Project scope and objective

Project Description: The Universidade do Sul do Santa Catarina (UNISUL) is a university in the southern Brazilian state of Santa Catarina, which offers a wide range of courses (including engineering, economics and business, agronomy, biological and health sciences, law). The project will enable UNISUL to maintain its rapid expansion momentum (from 3,000 students in 1990 to over 20,000 at present) and to develop new and innovative teaching methods to improve its competitive position in the private education market in southern Brazil. The proposed US$45.0 million project will allow UNISUL to do the following:



  • build the second phase of the new Pedra Branca campus in the greater Florianópolis area (state capital), which will increase this campus' enrollment from 4,000 to 9,500 students by 2006;
  • expand (adding equipment and laboratories) and rehabilitating the existing campuses at Tubarão in order to increase enrollment (from 9,400 to 14,200 students by 2004),
  • acquire land for a new campus in Florianópolis including the construction of a primary school;
  • update the university's communications and management information systems;

  • increase the faculty training and expand its research facilities;

  • increase the student loan programs;

  • refinance some expensive short term debt;
  • finance working capital requirements and interest during construction; and

  • increase the number and quality of its community assistance programs.

  • The IIC would participate in the project with a loan of up to US$6 million for ten years, including a 3-year grace period.

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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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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

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PHONE NUMBER

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POST OFFICE ADDRESS

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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