AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYYes
Since November 2010, the Brazilian Development Bank (BNDES) has repeatedly provided Construtora Norberto Odebrecht SA with post-export credit for a project involving the exporting of goods and services destined for the engineering of the expansion of the new oil pipeline in San Martin.The post-export credit agreement was signed on 29 November 2010. The loan amount is USD 226.1 million at an annual interest rate of 3.93percent. The loan matured in February 2014.
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