Brasília – The Federal Savings Bank informed on Friday (08) that the Government Severance Indemnity Fund’s Investment Fund (FI-FGTS) should disburse R$ 9 billion (US$ 4.5 billion) for investment in infrastructure in 2013.
According to the Brazilian state-owned bank, the fund, which is managed by Caixa itself, ended 2012 with eight new investment projects, which represented a total of R$ 4.4 billion distributed among the sectors of energy, ports, highways, railways and waterways.
Ever since its creation, in 2007, FI-FGTS invested R$ 22.4 billion (US$ 11 billion) in infrastructure. According to the Caixa, FI-FGTS is analysing over 20 operations representing approximately R$ 5 billion (US$ 2.5 billion) in new investment.
*Translated by Mark Ament
