BNDES to finance up to R$ 54bn in infrastructure by 2019
|Alberto Coutinho/Gov. BA|
Brazil's National Economic and Social Development Bank (BNDES) is projecting that it will finance around R$ 54 billion in infrastructure projects between this year and 2019. According to the bank, 60% of this amount will be used for investments in energy, especially renewable sources such as solar and wind.
The projects currently under review by the bank amount to a total R$ 35.9 billion in investments, while the projection for the next energy auctions is for an additional R$ 18 billion to be financed.
According to Marilene Ramos, Director of Infrastructure at the BNDES, infrastructure areas that are essential to the logistics chain, such as highways, railways and waterways, as well as energy, will have "significant growth" in amounts invested in the coming years.
BNDES's operations in infrastructure had marked increases in 2017: financing contracts increased 26% (from R$ 15.16 billion in 2016 to R$ 19.45 billion in 2017), while disbursements were up 13% (from R$ 17.54 billion in 2016 to R$ 19.83 billion). Energy projects were the highlight, with a 52% increase in contracts and 69% in disbursements for the year.