As well as airports, credit depends on the governance requirements. An independent enterprise must monitor the progress of the project.

Credit is conditioned to governance and monitoring requirements by an independent company certifying the adequate progress of the project.

The Brazilian Development Bank (BNDES) approved financing for Fibria-MS Celulose Sul Mato-Grossense, in the amount of R$ 2.3 billion to implement a new production line for whitened eucalyptus pulp in the city of Três Lagoas (MS), with a nominal capacity of 1,750 tons/year. The project includes acquiring wagons, locomotives as well as nationally-produced machinery and equipment, besides social investments in areas affected by the company.

The BNDES’ disbursements reached R$ 18.1 billion in the first quarter of this year, down 46% compared to the same period in 2015. Consultations, which totaled R$ 23.5 billion, dropped 7%, showing that the fall is slowing. The same result was posted in eligibilities, which reached R$ 22.7 billion, declining 4% in a quart-on-quarter comparison. Approvals, at R$ 13.5 billion in 1Q16, plummeted 37%.