The BNDES has approved a bridge loan in the amount of R$ 1.2 billion to develop the Project to expand, modernize and explore the Guarulhos International Airport, in the state of São Paulo. The loan is the Bank’s first within the scope of the federal government’s concession program in the airport sector.

The board of directors at the BNDES approved R$ 1.8 billion in financing to build a transmission line and two substations that will connect power generated at the Madeira River Hydroelectric Plant to the National Interlinked System.

The BNDES has approved R$ 920.3 million in financing to the Pernambuco state government to establish the Port Infrastructure Development Program. The project includes port, road, railway, port-related areas and environmental research interventions in the Suape port industrial complex.

The president of the BNDES, Luciano Coutinho, and the president of the Banco de la Provincia de Buenos Aires (Banco Provincia), Gustavo Marangoni, signed a contract on September 10 to finance Brazilian exports of machinery and equipment to Argentina.