📋 Tender Overview
COMPANY NAME
Ecotriagem Ltda
PROJECT NUMBER
14795-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S CATEGORY tooltip
B
COUNTRY
Brazil
SECTOR
Water and Sanitation
STATUS
Proposed
DISCLOSED DATE
03/31/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
05/19/2025
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
INVESTMENT OPERATIONS DEPARTMENT CONTACT
Infrastructure and Energy Division
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 10,579,800
CURRENCY
BRL
Project scope and objective
The Project consists of the design, construction, maintenance, and operation of a mechanized waste recovery facility ("MRF") located in the municipality of Brusque in the state of Santa Catarina, Brazil. The MRF will be installed at the entrance to an existing landfill, receive the urban solid waste collected from 15 municipalities in the region, and sort the materials, recovering plastics, paper, tetrapak, steel, and aluminum. The Material Recovery Facility will play a crucial role in the Circular Economy by sorting, processing, and preparing recyclable materials for recycling and reuse.
The Project's CAPEX involves civil works for warehouse construction and equipment acquisition.
The transaction consists of an 11-year senior secured loan for up to BRL 116 million, to be provided by IDB Invest alongside the Canadian Net Zero and Climate Resilience Accelerator. Given the novelty of this type of project under a Project Finance structure, IDB Invest's participation is crucial role in addressing a financing gap for an impactful, innovative climate change project.
