Washington, D.C., July 17, 2012
—Two projects in Brazil supported by IFC, a member of the World Bank Group, are among KPMG’s 100 most innovative and inspiring urban infrastructure projects in the world. The projects, Bahia Suburbio Hospital and Belo Horizonte Schools, were recognized as models of how public-private partnerships can improve health and education for underserved people in Brazil.
KPMG, one of the world’s largest management consultancies, developed the
Infrastructure 100: World Cities Edition
report. As part of the process, a panel of independent experts judged that two of IFC’s public-private partnerships in Brazil serve as examples for urban planners in addressing challenges associated with the rapid growth of cities worldwide.
Under the Belo Horizonte Schools project, IFC in 2011 supported the Municipality of Belo Horizonte in structuring the first education public-private partnership in Brazil. The municipality currently accommodates only 35 percent of the demand for kindergarten placement and 11,000 children have been waitlisted. It has responded by mobilizing $80 million in private capital and partnering with the Odebrecht Consortium to build and manage 32 kindergartens and five elementary schools.
The Bahia Suburbio Hospital project was launched in 2009 with IFC’s support. It became Brazil’s first health public-private partnership, providing lessons for urban planners. According to KPMG, the new 280-bed hospital dramatically improves emergency services in one of the country’s most underserved urban districts and provides essential health services to more than a million Brazilians. The state government of Bahia provided $27 million in financing to build the hospital, which is equipped and operated by a consortium of the companies Promedica and Dalkia, who are providing an additional $32 million in private investments.
Both projects are part of the Brazilian Private Sector Partnership Program, which includes IFC, the Brazilian Development Bank, and the Inter-American Development Bank. The program’s success and recognition of its projects by KPMG will help solidify the future of public-private partnerships in sustainable urban development.
KPMG also names two other IFC projects on its
Infrastructure 100
list. Those projects, the Queen Mamohato Memorial Hospital in Lesotho and the Medina Airport in Saudi Arabia, recognize IFC’s reputation as a global innovator in infrastructure finance and services and as a trusted partner in development.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. For more information, visit
www.ifc.org
.
About KPMG’s Infrastructure 100
KPMG’s
Infrastructure 100: World Cities Edition
was developed by the consultancy’s global infrastructure practice to showcase 100 urban infrastructure projects that embody the spirit of innovation and stand as examples of exemplary infrastructure to city leaders around the world. The
Infrastructure 100
is an independent and unbiased reflection of some of the best urban infrastructure projects underway in the world. Submissions were sought from across the globe between March and April 2012. To read the report, visit
