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Brazil - Additional financing for the Teresina Enhancing Municipal Governance and Quality of Life Project (Inglês)

The objective of this document is to summarize the expected environmental and social benefits and risks associated with the proposed additional financing of the Teresina Enhancing Municipal Governance and Quality of Life Project (P146870) (Lagoas do Norte Project - LNP II). It presents a summary of the Environmental and Social Impact Assessment as well as the Management Framework prepared for the proposed Phase II operations, baseline environmental and social conditions, the likely risks and benefits of the operation and proposed mitigation measures to be followed. A more detailed description of the approach to be followed under the project can be found in the Environmental and Social Impact Assessment Report of November 2014. LNP II, coordinated by the Secretariat of Planning in the Municipality of Teresina, is aimed at continuing and optimizing the investments made during Phase I, with total investments in the amount of R$396.88 million (US$176.39 million) of additional financing being proposed over a five-year period in integrated activities in the social, economic, housing, infrastructure, and urban and environmental renewal areas targeting the sustainable development of the Lagoas do Norte region. The objectives of LNP II are to: (i) modernize and improve the management capacity of the Municipality of Teresina in the financial, urban, environmental, basic service delivery, and economic development areas; and (ii) improve the quality of life of the residents living in the area covered by the Lagoas do Norte Project.




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