THE Brazilian National Bank for Economic and Social Development (BNDES) has approved a loan of Reais 2.89bn ($US 760.2m) to Rumo North and Rumo South, subsidiaries of the Cosan Group, for rail and port operations.
BRAZIL’s Court of Auditors (TCU) ruled on January 25 that all transfers of funds from state-owned institutions to the Transnordestina railway project must be halted due to a “serious mismatch between the investments and the physical accounting schedule.”
BRAZIL’s National Bank for Economic and Social Development (BNDES) has agreed to lend Reais 3.5bn ($US 1.1bn) to rail and port operator Rumo Logistics in order to fund part of its 2015-2018 investment programme.
BRAZIL's National Bank for Economic and Social Development (BNDES) confirmed on December 1 that it will provide the Bahia state government with a Reais 2bn ($US 530m) long-term loan to finance the publically-funded element of the second phase of the metro network in the state capital Salvador.
BRAZIL's National Bank for Economic and Social Development (BNDES) has approved a Reais 746.5m ($US 212.8m) loan for Rio de Janeiro's 28km Porto Maravilha light rail project.