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BNDES projects R$54 billion for new infrastructure financing for the 2018-19 biennium

04/01/2018

2017 closed with growth of 26% in bidding for new financing and 13% in disbursements

The energy sector presented the largest growth: 52% in financing and 69% in disbursements

 

Infrastructure financing of the Brazilian Development Bank (BNDES) may reach approximately R$54 billion between 2018 and 2019, according to projections of the Bank’s Board of Directors of Infrastructure. The majority of the financing – about 60% of the total – will come from investments in energy (generating, transmitting and distributing). BNDES has prioritized renewable energy sources in this sector, especially solar and wind power. This estimate was made from projects already covered or under review at the Bank that total R$ 35.9 billion, plus a projection of about R$ 18 billion from new financing from energy auctions. 

The Bank’s infrastructure area registered a significant growth in 2017 when compared to 2016. The bidding of projects grew 26%, from R$ 15.16 billion (2016) to R$ 19.45 billion (2017), while disbursements increased by 13%, from R$ 17.54 billion (2016) to R$ 19.83 billion (2017).

This growth was driven by the energy projects: binding agreements grew 52%, while disbursements increased by 69%. The growth compensated the reduction in the areas of sanitation, urban mobility and logistics, where the contracting decreased by 44% and the disbursements by 23%. The decrease was a result of different factors, such as the problems faced by projects that had partners involved in the Operação Lava-Jato (Operation Car Wash, investigation into corruption), and the reduction in the number of auctions for highways and airports concessions in previous years.

“In these two years, we should have about R$ 32.6 billion in new financing from BNDES for the energy area. But other areas will also have significant growth, especially in the sector of logistics, with highways, railways, and waterways. Despite the economic crisis, we started 2018 with a lot of work and many projects to support” said the Managing Director of the BNDES Infrastructure Division, Marilene Ramos.

 

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