Brazil's BNDES Approves 10 Billion Reais for Fleet Renewal

en.Wedoany.com Reported - The Brazilian Development Bank (BNDES) has approved 10 billion reais in financing through the "BNDES Mais Mobilidade" program, a credit line specifically designated for renewing fleets of trucks, buses, and road equipment. This amount was reached within 12 days of the program's launch, equivalent to 47.1% of the program's total of 21 billion reais. The application deadline for financing is August 28, though it may close earlier if funds are exhausted ahead of schedule.

To date, 8,377 transactions have been approved, averaging 1.2 million reais each, benefiting 1,373 municipalities across all regions of the country. Of the total amount disbursed, 9.8 billion reais were allocated to transport companies through 8,062 transactions, with 1.6 billion reais used for purchasing buses. An additional 139.8 million reais were directed to individual transporters through 315 transactions.

This credit line is part of the "Move Brasil" program, coordinated by the Ministry of Development, Industry, Commerce and Services (MDIC), aiming to modernize transport infrastructure, reduce emissions, and enhance national logistics efficiency. The program has set aside 2 billion reais for purchasing buses and minibuses, and another 2 billion reais for individual transporters and cooperatives. All transactions are conducted through BNDES-accredited financial institution networks.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com