ANNOUNCED AS TEMPORARYNo
In the case of VLI Multimodal, the announcement made by the BNDES on 25 September 2018 estates that the firm has received BRL 124.6 million (over USD 30.2 million at the time of the announcement). These resources will be distributed among two projects.
One project refers to the expansion of the transport capacity of eucalyptus trees. To this end, the company will purchase 178 platform-type wagons and will receive BRL 40.6 million (USD 9.85 million) to carry out this investment.
As to the second project, the objective is to increase the rail transportation capacity of agricultural products. To do so, the company will receive BRL 84 million from the BNDES (circa USD 20.4 million).
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