The decision was made after the Supreme Court of Justice lifted the precautionary measure that prohibited the license of the project. The company will apply for the Construction License in the coming weeks in order to start work in early 2020.

This Tuesday (September 24th) the National Environmental Control Commission (CECA) has renewed the environmental license (LP) of the MARAEY project, a sustainable touristic residential project carried out by IDB Brasil in an area covering 840 hectares in Maricá, with less than 6.6% building occupancy. Linked with the State Environmental Secretariat, the CECA is the official body in charge of coordinating, supervising and controlling a rational use of the environment in the State of Rio.

The renewal took place after the President of the Supreme Court of Justice, Minister João Otávio de Noronha, agreed with the request of the Municipality of Maricá to lift the precautionary measure imposed by the Court of Justice that prohibited the license of the project. According to Mr. Otávio, “the indefinite paralysis of the administrative action, consequently preventing the implementation of projects able to generate a positive impact on the local economy and on the sustainable development of the area, induces serious damages to the public economy”.

In the coming weeks, IDB Brasil will apply for the Construction License authorizing the start of the works, estimated for the beginning of 2020.

For the executive director of IDB Brasil, David Galipienzo, the renewal of the license is a victory for sustainable development:

– “The decision of the CECA confirms that our project not only fully complies with the Law, it also proposes important solutions in terms of sustainability. Its impact will be positive in several ways. I am convinced that we will become a benchmark for new sustainable projects in Rio de Janeiro”.

ABOUT MARAEY

The MARAEY Project, set in a touristic-residential complex with important sustainability features, has been developed in an area of 840 hectares in Maricá, with a buildability of less than 6.6% of the land. The development involves creating the second-largest Private Natural Heritage Reserve (RPPN) of restinga in the State of Rio, in addition to an environmental research center, with the support of academic institutions such as UFRJ, UFF and UFRRJ, helping to further research about local flora and fauna.

Close to 200 fishing families that live in the Zacarias community, inside the development area, will benefit from the cadastral regularization, which includes granting definitive property deeds for residents. Moreover, the community will see improvements in urban infrastructures matching those of the development, such as sanitation with tertiary technology, roads, urbanization and underground power lines. In addition, IDB will foster the local culture and fishing, including plans for the recovery for the Maricá Lagoon, repopulation of native species and recovery and dissemination of the family history of Zacarias through the creation of the Fisherman’s Craft House.

The project also features four five-stars hotels, a golf course, an equestrian center, and a tourism and hospitality university, in addition to shops and other services. The estimated private investment stands at around R$ 11 billion, with a generation of taxes of R$ 7.2 billion during construction, plus over R$ 1 million per year once in operation, not to mention the 52,000 direct jobs in the construction phase, and 36,000 direct and indirect jobs per year once the complex is up and running.

ABOUT IDB BRASIL

IDB Brasil is the company created to develop the MARAEY project. It is controlled and managed by Spanish companies, including Abacus Property Development and Cetya Group, boasting certifications ISO 9002 and ISO 14001, having worked for more than 50 years in the global construction market, with various projects involving environmental recovery.

Cetya Group also includes the Cetya Foundation, investing 0.7% of company turnover in the development of sustainable projects in places where it has business, sponsoring sportive, cultural and social projects.