| Project Detail |
PROJECT NUMBER 14795-01 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 Projects 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 Invests participation is crucial in addressing a financing gap for a high-impact environmental sustainability initiative. |
