NATL IND POLLUTN

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In addition, it will finance pollution control investments of industrial firms located in critically polluted areas. In addition, it will also help build up the capacity of SEPAs (State Environmental Protection Agencies). The main objectives of the National Industrial Pollution Control Project are to: a) improve public health and living conditions of the population concentrated in and around industrialized areas; b) support participating states in establishing an integrated approach in solving pollution problems in a cost-effective manner; c) familiarize the banking system with financing free-standing pollution control investments; d) strengthen the institutional capabilities of active SEPAs; and e) strengthen BNDES's (the Banco National de Desenvolvimento Economico e Social) ability to process free-standing pollution abatement loans. In addition, it will finance investments in existing industrial facilities to control all types of industrial pollution -- air, water, and hazardous waste. Subprojects may include the following discharge reduction schemes: 1) end-of-pipe controls; 2) in-process modifications; and 3) recycling/recovery.