
NDB to increase Brazil infrastructure loans

The New Development Bank (NDB) is planning to provide more infrastructure loans to Brazil.
"Currently, the volume of financing approved for projects in Brazil is US$2.6bn, and we can reach US$4bn by the end of this year, although it is highly probable that amount will be even higher, as there are certain relevant operations in advanced stages of evaluation by us," Claudia Prates, NDB’s head of Brazilian operations told BNamericas.
NDB was founded by the so-called BRICS countries – Brazil, Russia, India, China and South Africa – and became fully operational in 2016.
Although the bank approved this year US$1bn financing to support the government’s coronavoucher program that helps informal employees during the pandemic, the long-term focus is on infrastructure, Prates said.
"Brazil is a country with needs in various infrastructure segments, so it is not possible to determine a segment that will be our focus. But, at this point I can say that we likely expand our actions in the sanitation and urban mobility segments, as we still don’t have much participation in these areas," added Prates.
Of all founding members, Brazil has received just 12% of NDB loans, compared to India receiving 31.1%, China 24.6%, South Africa 17.4% and Russia 14.9%.
"The share of Brazil is still the lowest of the bank’s operation because our office in Brazil was opened last year. So, in the coming months we likely see an increase in the participation of loans for projects here," Prates said.
According to the executive, the bank seeks to be more active in project finance and is aiming to also loan directly to infrastructure-focused companies and investment funds.
"When we are talking about infrastructure we are not only talking about the construction stage. We want to support the financing of those projects that carry a strong element of innovation, in terms of technology and process applied," Marcos Thadeu Abicalil, an NDB senior executive told BNamericas.
PARTICIPATION OF LATAM COUNTRIES
The bank also seeks to strengthen relations with other Latin American countries.
"One of the ideas of the bank is to attract new country members as shareholders of the bank, and before the pandemic NDB was in talks with countries in Latin America and in Asia regarding that, but the process was delayed due to the pandemic," said Prates.
The executive said the bank is in talks with two Latin American countries, but refused to say which ones.
Each of the bank’s founding countries holds a 20% share. According to the bank's rules, all members of the UN could also become members of the bank, although BRICS countries will always hold a combined share of at least 55%.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Infrastructure (Brazil)

Incoming BNDES chief pledges no return to subsidized loans
Aloizio Mercadante will take over as head of the development bank on January 1, the day Lula is sworn in as Brazil’s new president.

Brazilian mining firm Bamin plans major logistics push
The company will make major investments in a railway and a port to support the expected increase in production at its iron ore mine.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Infrastructure (Brazil)
Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: EF-A16 Railway, Colatina - Linhares section
- Current stage:
- Updated:
13 hours ago
- Project: São Paulo intercity railway - Trem Intercidades (TIC)
- Current stage:
- Updated:
1 day ago
- Project: Submerso project (Santos-Guarujá tunnel)
- Current stage:
- Updated:
1 day ago
- Project: Lines 8 (Diamante) and 9 (Esmeralda) of the São Paulo Metropolitan Transportation Network (São Paulo Metro)
- Current stage:
- Updated:
1 week ago
- Project: Paraná highways concession (Lot 2)
- Current stage:
- Updated:
1 week ago
- Project: Paraná highways concession (Lot 1)
- Current stage:
- Updated:
1 week ago
- Project: Railway Track EF-A07
- Current stage:
- Updated:
2 weeks ago
- Project: Salvador - Itaparica bridge
- Current stage:
- Updated:
2 weeks ago
- Project: BR-040 (MG/GO/DF) highway widening
- Current stage:
- Updated:
2 weeks ago
- Project: BR-381 Highway concession (Rodovia da Morte) (Ex Highway Concession BR-262 ES/MG -BR-381)
- Current stage:
- Updated:
2 weeks ago
Other companies in: Infrastructure (Brazil)
Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Consórcio Nova Ponte
- Company: Arteris S.A.  (Arteris)
-
Arteris S.A. is a Brazilian highway concessionaire engaged in the operation and maintenance of transportation infrastructure. The company owns nine concessionaires which are res...
- Company: TCL Tecnologia e Construções Ltda.  (TCL Tecnologia e Construções)
-
The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
- Company: Senpar Ltda.  (Senpar)
-
The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
- Company: Consórcio Future ATP - LOGIT - JGP - Queiroz Maluf
-
Consortium Future ATP - LOGIT - JGP - Queiroz Maluf is a company formed by Future ATP Servicios de Engenharia Consultativa Ltda, JGP Consultoria e Participações Ltda., LOGIT Eng...
- Company: Consorcio Concremat-JNS
- Company: Movimento Brasil Competitivo (MBC)
- Company: Companhia do Metropolitano de São Paulo  (Metrô)
-
Operating since 1974, Brazil's São Paulo state metro authority CMSP is responsible for operating and carrying out expansion work on the local subway system. CMSP has 59 stations...