The External Financing Committee of the Ministry of Planning has authorized, with reservations, a loan of up to US$300 million from the International Bank for Reconstruction and Development (IBRD) for the Rehabilitation and Safe and Sustainable Maintenance of State Highways Program called Bandstand. Boa, from the state government.

The creation of a shoulder on SC-112 and SC-281, from Trombudo Central to Atalanta, is one of the works planned in the Estrada Boa program – Photo: Google Street View/Disclosure/ND

The cost of the analogue is at least 20% of the total amount of the program and must be guaranteed by the state executive branch.

The decision, signed by the Chairman of the Commission, Gustavo José de Guimarães, included reservations that the conclusion of external credit transactions and the provision of a Union guarantee are conditional on the submission by the state government of a request to the Ministry of Finance.

Loan guarantees

The Ministry will analyze solvency and offer sufficient counter-guarantee in accordance with the criteria established by the ministerial body.

In addition to demonstrating compliance with the requirements of the Constitution, the Fiscal Responsibility Act, Senate regulations and other standards applicable to credit transactions and the provision of Union guarantees, in order to obtain approvals from the Federal Senate and the Minister of Finance