Global Trade Alert
Global Trade Alert

Brazil: BNDES provides financial support to CCR Group and Ruasinvest Group for modernising São Paulo metro

Announcement

09 Jan 2023

In January 2023, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) provided capital, a loan and a loan guarantee to Sistema de Trens Metropolitanos de São Paulo S.A. The beneficiary is a joint venture between CCR Group and the Ruasinvest Group, two Brazilian companies, that is the concessionaire of the São Paulo metro. 

Source

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Jan 2023

Revocation date:

No revocation date

Updated: 09 Jan 2023
Local content incentive In force

The BNDES FINEM credit line is subject to local value-content incentives. As such, so is the BRL 850 million (USD 161.4 million) loan to Sistema de Trens Metropolitanos de S...

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Updated: 09 Jan 2023
Loan guarantee In force

On 9 January 2023, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) provided a BRL 1.3 billion (USD 237.4 million) backstop loan guarantee to Sist...

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Updated: 09 Jan 2023
State loan In force

On 9 January 2023, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) provided a BRL 850 million (USD 161.4 million) loan to Sistema de Trens M...

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Updated: 09 Jan 2023
Debt purchase In force

On 9 January 2023, the National Bank for Economic and Social Development of Brazil (BNDES in Portuguese) subscribed to a BRL 2.5 billion (USD 474.8 million) sustainable infrastructure debenture fro...

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