In Brazil financing issues have hit a number of transport projects in Minas Gerais state. The Banco do Brasil is holding back funds for planned work. As a result the state government of Minas Gerais has halted work on 32 construction projects. The Banco do Brasil has not provided the expected US$345.86 million for the work to be carried out. The finances were arranged by the central government through its funding programmes. The projects include a section of the MG-437 road between Sabara and Nova Lima. The
In Brazil financing issues have hit a number of transport projects in Minas Gerais state. The 7052 Banco do Brasil is holding back funds for planned work. As a result the state government of Minas Gerais has halted work on 32 construction projects. The Banco do Brasil has not provided the expected US$345.86 million for the work to be carried out. The finances were arranged by the central government through its funding programmes. The projects include a section of the MG-437 road between Sabara and Nova Lima. The Banco do Brasil may however release the sum in 2015.
Meanwhile in Piaui state the authorities are cancelling a Banco do Brasil loan originally intended for urban mobility projects. The state authorities only received $88.4 million, instead of the $230 agreed through the Prodesencolvimento 2 funding programme signed in January 2013. The urban mobility projects now on hold include a new ring road and several overpasses.
Meanwhile in Piaui state the authorities are cancelling a Banco do Brasil loan originally intended for urban mobility projects. The state authorities only received $88.4 million, instead of the $230 agreed through the Prodesencolvimento 2 funding programme signed in January 2013. The urban mobility projects now on hold include a new ring road and several overpasses.
