A technical group aimed at funding Brazil's infrastructure projects has been formed by the country's three largest public sector banks, being national development bank BNDES, Banco do Brasil (BB) and Caixa Econômica Federal (Caixa).
The group was formed during a meeting in Brasília last week in which the presidents of the financial institutions, Maria Silvia Bastos (BNDES), Paulo Caffarelli (BB) and Gilberto Occhi (Caixa) attended, according to a BNDES release.
Aimed at jump-starting Brazil's economy, some of the issues discussed were financing solutions for small and mid-sized companies as well as improving the overall operation of BNDES' project portfolio.
The meeting was also attended by the finance ministry's economic policy secretary Carlos Hamilton and the planning ministry's deputy secretary Esteves Pedro Colnago Júnior, the release said.
A total of 198bn reais (US$60bn) in works is planned under logistics investment program, PIL, which was announced by suspended president Dilma Rousseff last year. It involves airport, highway, railway, and port terminal concessions.
Salvador international airport, concession tender expected this year (CREDIT: SAC).
To complement this plan, a public-private partnership council formed by interim president Michel Temer is currently discussing initial projects under the country's new infrastructure concessions program known as Crescer. It is aimed at improving transportation, energy and waterworks infrastructure.