Brazil: BNDES finances 19 trains with USD 22.4 million
Announcement
07 Jul 2015
On 11 August 2015, the Brazilian Development Bank BNDES announced to finance 19 trains through BNDES-PSI, its investment support credit line. The loan, which is bound to the BNDES’s local content requirement policy, will finance two projects.
The Brazilian Development Bank BNDES announced to finance 19 trains with 70.5 million real (USD 22.4 million) through BNDES-PSI, its investment support credit line. The loan represents 50% of the tota...