en.Wedoany.com Reported - The Brazilian Development Bank (BNDES) announced on Thursday (11th) that its special financing for railway projects can extend up to 40 years, significantly exceeding the typical 20- to 25-year term for other infrastructure loans. This initiative aims to enhance project leverage and accelerate railway investment implementation.

Felipe Borim, BNDES's Infrastructure Director, stated during the presentation of a railway project portfolio at the "Novos Caminhos sobre Trilhos" event hosted by Brazil's Ministry of Transport at the B3 exchange in São Paulo that the special financing will offer flexible grace periods to align with project investment cycles. He noted that this initiative will also incorporate all innovative measures BNDES has adopted in various infrastructure projects, particularly highway projects, thereby helping to drive investment.

At the same event, Jorge Bastos, President of Infra S.A., emphasized that the company, in partnership with the Inter-American Development Bank (IDB), has conducted a study on Brazil's idle rail network to provide new solutions for abandoned railways. Bastos stated that the issue of Brazil having an extensive rail network with extremely low utilization has long been questioned, and the current government is determined to address it, effectively advancing relevant solutions.

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