IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 23 Jul 2013 | Removal date: open ended
Still in force

Local operations

On 23 July 2013, the Brazilian Development Bank (BNDES) announced that they are going to support a transportation program in the metropolitan area of Rio de Janeiro with a loan of BRL 1.6billion financing 30 trains of domestic production. The contract has been finalized between the federal state of Rio de Janeiro and the transportation company SuperVia including an investment amounting BRL 3.3billion for a period of 23 years, i.e., expiring in 2023.
 
In general, the Brazilian Development Bank provides credits with below-market interest rates to legal persons (private or public) with headquarters and administrations in Brazil.In the case of companies with headquarters abroad, majorityshareholders (private or public) need to have residence in Brazil. Besides this, the bank imposes local content requirementson goods (mainly capital goods), services and software. However, itmakes exceptions when there is no national production of those goods.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

495 Railway & tramway locomotives & rolling stock; parts
8601 Rail locomotives powered from an external source of electricity or by electric accumulators.
860110 Powered from an external source of electricity

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