Develop Sorocaba – Sorocaba Mobility and Urban Development Project
2 July 2021
The NDB Board of Directors approved a loan of USD 40 million to the Municipality of Sorocaba for Sorocaba Mobility and Urban Development Project. The objective of the Project is to improve the existing road infrastructure, promotion of alternate means of transportation, increase in productivity of workforce, improvement in the environment and quality of lives of its residents. The loan will be used for the creation of underpasses, rehabilitation of roads, construction of access road to a recreational park, and implementation of macro-drainage infrastructure to improve urban mobility and accessibility within the municipality of Sorocaba, which has witnessed rapid economic growth and attracted an industrial park used by various multinational corporations, due to its strategic and advantageous geographic location.
Related
-
Philippines DoE unveils framework for carbon credits in energy sector
20 October 2025
-
Costa Rica gets $250m EIB loan for electric rail project
17 October 2025
-
ACCIONA wins sanitation contract for eight municipalities in Brazil
17 October 2025
-
Zimbabwe plans competitive bidding for electricity projects
15 October 2025
-
Malaysian utility launches rebate program for residential PV
24 September 2025
-
Philippines updates net-metering rules to ease adoption for 17,000 users
16 September 2025