The BNDES has approved financing of R$ 307.4 million for automaker Hyundai Motor Brasil to set up an industrial plant in the city of Piracicaba (state of São Paulo) to manufacture passenger vehicles.

On February 13, the Minister of the Environment, Izabella Teixeira, and the president of the BNDES, Luciano Coutinho, are launching the lines of credit for the Climate Fund Program. The aim is to provide support for projects related to efforts aimed at reducing greenhouse gas emissions and in adapting to climate change.

The board of directors of the Brazilian Development Bank (BNDES) has approved the basic financial support conditions for public services concessions in expanding, maintaining and exploring the international airports in Brasilia (Federal District), Campinas and Guarulhos (satellite cities both in the state of São Paulo).

The BNDES’ disbursements closed the year 2011 at R$ 139.7 billion. The result was within the Bank’ expectations and allowed the institution to continue contributing to the expansion of investments in the Brazilian economy, with emphasis on the infrastructure sector.