The federal government sent for Congress analysis the Provisional Measure 628/13, which authorizes the Union to concede R$ 24 billion to the National Bank for Economic and Social Development [Banco Nacional de Desenvolvimento Econômico e Social (BNDES)]. The funds shall finance long term investment projects in the infrastructure area and in other segments considered to be strategic to the country.
Credit will be available through the emission of Federal Estate Government Bonds in favor of BNDES. The bonds will be rewarded at Long Term Interest Rate [Taxa de Juros de Longo Prazo] (TJLP).
The government’s goal is to meet, for example, commitments assumed by the Investment Maintenance Program [Programa de Sustentação do Investimento] (PSI) and Logistics Investment Program [Programa de Investimentos em Logística] (PIL), in addition to benefiting the Pre-Salt productive chain and Growth Acceleration Program [Programa de Aceleração do Crescimento] (PAC).
POD NOS TRILHOS
- Investimentos, projetos e desafios da CCR na mobilidade urbana
- O projeto de renovação de 560 km de vias da MRS
- Da expansão da Malha Norte às obras na Malha Paulista: os projetos da Rumo no setor ferroviário
- TIC Trens: o sonho começa a virar realidade
- SP nos Trilhos: os projetos ferroviários na carteira do estado
Recovering Fund
The text of MP 628/13 also authorizes the Union to terminate the Economic Recovery Fund of the State of Espírito Santo (FUNRES), transferring FUNRES powers, rights and duties to another fund to be established by the government of Espírito Santo.
The measure, according to the government, hopes to establish a new management model for the fund, which allows Espírito Santo to perform administrative and institutional adjustments that make the decision process more agile and closer to regional needs.
Processing
Initially, the MP will be analyzed by a mixed committee of deputies and senators. If approved, it must be voted by the Chamber of Deputies and Senate plenaries.
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