Fundação Renova

Integrated plan


RENOVA FOUNDATION ALLOCATES AROUND R$ 600 MILLION TO CONSTRUCTION OF HEALTH CARE FACILITIES AND INFRASTRUCTURE IN THE DOCE RIVER BASIN

The projects make up the integrated priority plan presented by the governments of the two states, prepared following the Doce River Mayors Forum

The Renova Foundation approved the transfer of approximately R$ 600 million of compensatory resources for the execution of structural works, with collective and long-term impact, in the municipalities of the Doce River Basin.

The projects make up the integrated priority plan presented by the governments of the two states, prepared following the Doce River Mayors Forum and the topic of deliberations by the Interfederative Committee (CIF) in February this year. The structuring works aim to support the physical and mental health of the population, the diversification of the local economy, and the facilitation of access to essential tourist hubs, such as the coast of Espirito Santo and the Doce River State Park in Minas Gerais.

The CEO of the Renova Foundation, Andre de Freitas, gave a press interview announcing the transfer of funds and explaining how the amount is to be used by the governments of Minas Gerais and Espirito Santo.

The renovation of the Regional Hospital of Governador Valadares is one of the projects that will benefit from the compensatory resources. Minas Gerais will receive R$ 75.3 million to proceed with the second stage of the works and acquisition of equipment for the hospital, which will have 265 beds, 176 of which are for an infirmary, 39 for the urgent care and emergency departments and 50 for intensive care, besides 9 surgery rooms.

SEE HOW THE FUNDS WILL BE DISTRIBUTED

INFRASTRUCTURE AND ECONOMY

To stimulate the local economy, with an emphasis on tourism and production outlets, more than 150 km of highways will undergo maintenance. Minas Gerais will receive R$ 140 million, and the road works will favor access to the Doce River State Park and traffic between the Doce River Valley and the “Zona da Mata” region.

In turn, R$ 365 million will be allocated to Espirito Santo for the restructuring of three road sections at the Doce River mouth. The works will facilitate access to the tourist destinations of Regencia and Povoaçao, an old request in the region.

On another front, an additional R$ 12.2 million will be allocated to the implementation of an Industrial District in the municipality of Rio Doce, with an estimated area of 5,500 square meters. The objective is to offset the impacts of the interruption of operation at the Risoleta Neves hydroelectric power plant with the attraction of new companies. The action will also benefit the neighboring towns of Ponte Nova, Dom Silverio, Barra Longa, Santa Cruz do Escalvado and Sem Peixe.

COMPENSATORY RESOURCES

The application of compensatory resources is provided for in the Transaction and Conduct Adjustment Term (TTAC). According to clause 5 of the agreement, compensatory programs and measures aim to offset impacts for which recovery, mitigation, remediation and/or repair is not feasible or possible by improving the socio-environmental and socio-economic conditions of the areas affected. All compensatory expenses must be approved by the CIF.

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