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.
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