ANNOUNCEMENT 02 Jan 2014

On 2 January 2014, the Brazilian Development Bank announced that it will support the Hidrovia Tietę-Paraná waterway in the state of Săo Paulo. The loan includes local sourcing requirements for the capital goods involved in the project.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



BNDES, news item of 2 January 2014: http://www.bndes.gov.br/SiteBNDES/bndes/bndes_pt/Institucional/Sala_de_Imprensa/Noticias/2014/Todas/20140102_hidrovia.html

Valor, 2 January 2014, 'BNDES aprova R$ 307 milh?es para melhorias em hidrovias de S?o Paulo': http://www.valor.com.br/brasil/3383660/bndes-aprova-r-307-milhoes-para-melhorias-em-hidrovias-de-sao-paulo

Folha de S?o Paulo, 2 January 2014, 'BNDES empresta R$ 300 mi a SP para amplia??o de hidrovia Tiet?-Paran?': http://www1.folha.uol.com.br/mercado/2014/01/1392409-bndes-empresta-r-300-mi-a-sp-para-ampliacao-de-hidrovia-tiete-parana.shtml


Inception date: 02 Jan 2014 | Removal date: open ended
Still in force

State loan

Brazilian Development Bank announced that it will support the Hidrovia Tietę-Paraná waterway in the state of Săo Paulo with a BRL 307 million (USD 137 million) loan, or 31,2% of the total investment. The credit will be used to improve the cargo capacities of the waterway. BNDES expects that the waterway will carry 11 million tons until 2020. In 2011, its capacities reached 5,8 million tons. The project is part of the PAC, the Growth Acceleration Program (Programa de Aceleraçăo do Crescimento). For this reason, the government will contribute the remaining BRL 584.4 million (USD 261 million), or 59,3% of the total costs, using PAC funds.

AFFECTED PRODUCTS

 
N/A