News
25 March 2020
World Bank agrees $80m loan for Amazonas Express bus corridor project in Brazil
In:
Social infrastructure
Region:
Americas
The World Bank has approved an $80 million loan for Improving mobility and urban inclusion in the Amazonas Corridor in Belo Horizonte Municipality of Brazil.
The project will upgrade a low-income informal neighborhood Vila Cabana do Pai Tomás, while also supporting the implementation of a mass transit system - the Amazonas Express bus corridor - including new stations and bus stops, restoration of sidewalks and equipment and technology to support the bus corridor operation.
The loan, from the International Bank for Reconstruction and Development, to the Municipality of Belo Horizonte is guaranteed by the Federative Republic of Brazil and has a final maturity of 24 years, including the five-year grace-period.
