ANNOUNCEMENT 12 Mar 2013
The Brazilian government-funded Company of Innovation and Research (FINEP) approved a loan of circa BRL 51.9 million to Construtora Andrade Gutierrez S.A.
NUMBER OF INTERVENTIONS
Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Projetos contratados e valores liberados. Retrieved on 02/05/2018. Available at: http://finep.gov.br/acesso-a-informacao-externo/transparencia/projetos-contratados-e-valores-liberados
Brazilian Company of Innovation and Research. Empresa Brasileira de Inovaçao e Pesquisa. Financiamento Reembolsável. Available at: http://finep.gov.br/component/content/article/120-apoio-e-financiamento/tipos-de-apoio/financiamento-reembolsavel/42-financiamento-reembolsavel
On 12 March 2013, the Brazilian Company of Innovation and Research (FINEP) announced the approval of a loan of almost BRL 51.9 million (USD 26.4 million) allocated to Construtora Andrade Gutierrez S.A., a Brazilian-based multinational engaged in the provision of engineering and construction services that focuses mainly in the construction of hydroelectric, thermoelectric, and nuclear power plants, and other industrial complexes. The objective of these resources is to finance the innovation program of the company that focuses on sustainability.
The repayment deadline for the credit has been set to 12 March 2015.
The resources enclosed on the programs managed by FINEP are limited to Brazilian companies and seek to boost the national and international competitiveness of these businesses.
The interest rates set on the credit lines are composed of the long-term interest rate (TJLP) plus a supplement ranging between 1.5% and 7%, depending on the credit line and the repayment period.