May 19, 2017 |
Financing plans are moving ahead for the two latest toll road concessions in the state of Sao Paulo, even without the national development bank BNDES at the start.
"BNDES is not yet clear on how it is going to participate," Karla Bertocco, the undersecretary of partnerships and innovation for the Sao Paulo state government, told LatinFinance. "That why we called the IFC, to compete globally, to compete with international money."
The state transportation agency has awarded two toll road conces
Concessionaires can call upon multilateral lenders and use an exchange rate hedge mechanism to get the funds they need, state officials say