FONPLATA invests in infrastructure and technological innovation for the development of Presidente Prudente – Brazil
The Development Bank approved a funding of almost US$47 million for the Urban Development and Mobility Project of Presidente Prudente, in the Brazilian State of Sao Paulo. The project aims at improving the quality of life of the municipality’s residents through macrodrainage and urban mobility works, as well as technological innovation for the management of public policies.
The loan will contribute to the implementation of Presidente Prudente’s Urban Development and Mobility Project, to be implemented by the Municipal Government. The total cost of the program is US$58.6 million, 80% of which will be funded by the Development Bank and 20% will be locally funded. Almost 50% of the total funding amount approved by FONPLATA comes from the Bank’s Green Credit Line, which offers funding at a lower interest rate.
Presidente Prudente is a regional wholesale and retail business hub about 600 km northwest of Sao Paulo. Population growth, the development of the service sector, and the diversification of the industrial sector in recent years have accelerated the city’s urbanization rate, driving the need to adjust its infrastructure and urban mobility, as well as to strengthen the municipal administrative sector in order to direct public investment to priority areas.
Technological innovation will enable the deployment of a public policies management system to identify demands of various segments of the population, such as education, health care, urban infrastructure, transport, and safety. In turn, infrastructure works envisaged by the project will make it possible to complete the town's rainwater macrodrainage by means of open channels along the course of Veado creek, as well as the construction of a 24-m-long concrete bridge close to two of its most highly frequented open areas: Parque do Povo and its main shopping center, Prudenshopping. Works to duplicate, extend, and build new paved roads (covering more than 10 km) will also be carried out. Such works will enable road connections with new neighborhoods far from the city center, as well as the mobility of vehicles and people with disabilities in the central area of the city.