ANNOUNCED AS TEMPORARYNo
On 29 May 2018, the BNDES announced the allocation of BRL 5 billion (USD 1.34 billion) to a newly created fund to finance infrastructure development projects. These resources will be provided through BENDESPAR, the bank investment filial.
The objective of these resources is to broaden the alternatives for the financing of projects available in the capital market.
BENDESPAR will support closed funds related to logistics and transport projects, urban mobility, energy, telecommunications and basic sanitation, providing an investment of up to BRL 500 million (USD 134 million), limited to 30% of the fund's total capital.
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