Santa Catarina Gets BNDES Funds

Santa Catarina Gets BNDES Funds

Brazil Loans Project & Infrastructure Finance

BNDES has agreed to provide a BRL3bn ($1.5bn) loan package to the Brazilian state of Santa Catarina, it says. Of the funds, BRL1.8bn will be dedicated to infrastructure projects from 2012-2015, allowing for the buildout of transportation, hospital, school and government facility improvements. Another BRL979.6m will be used to pay down a 2002 loan to state-owned utility Centrais Eletricas de Santa Catarina, and BRL200m will go toward a capital increase Santa Catarina will contribute to the Banco

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