The board of directors at the BNDES approved R$ 1.8 billion in financing to build a transmission line and two substations that will connect power generated at the Madeira River Hydroelectric Plant to the National Interlinked System.

The BNDES has approved R$ 920.3 million in financing to the Pernambuco state government to establish the Port Infrastructure Development Program. The project includes port, road, railway, port-related areas and environmental research interventions in the Suape port industrial complex.

The president of the BNDES, Luciano Coutinho, and the president of the Banco de la Provincia de Buenos Aires (Banco Provincia), Gustavo Marangoni, signed a contract on September 10 to finance Brazilian exports of machinery and equipment to Argentina.

The BNDES’ disbursements reached R$67.9 billion between January and July this year. Approvals amounted to R$ 86.8 billion, while consultations for new financing reached R$ 138.7 billion in the first seven months of 2012.