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.