The Minister of Planning and Budget, Simone Tebet, and the President of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante, announced this Thursday 7th the PAC Integração a regional integration project in South America that will become have five routes and $10 billion in funding.
Of this, $3 billion will come from BNDES; $3 billion from CAF; $3.4 billion from the InterAmerican Development Bank (IDB) and $600 million from Fonplata, Mercadante said.
Read also: “PAC Zero”, report by Silvio Navarro, published in issue 172 of Revista Oeste
The project and the financing package were announced during the Summit of Heads of State of Mercosur and Associated States at the Museum of Tomorrow in Rio de Janeiro, in the presence of President Lula and other regional authorities.
IDB President Ilan Goldfajn emphasized that the countries are committed to strengthening the regional integration process. “We will help with financing and also with project structuring,” he said, stressing that the institution will contribute around R$17 billion for projects along the five integration routes. “Now there is a coordinated strategy.”
Participation of the BNDES in the “PAC of South America”
Tebet announced that negotiations with the partner countries of the development banks involved will begin on Friday the 8th. The minister said that resources had already been secured on the Brazilian side. “We have achieved 124 works related to the routes that are already in the PAC and therefore have a budget that can be started or continued.”
The integration paths are “dreams of a decade” and eleven Brazilian states would benefit from them, said Tebet. “We believe we can realize the other two routes, South and Capricorn, by 2026,” he noted. “Regional integration has a start date, but no end date.”
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Mercadante explained that the project includes roads, railways, waterways and bridges. He also said that BNDES would finance projects from the Brazilian border. “Other banks will finance outward from the border,” he added. He informed that the amounts provided by the Brazilian Development Bank will be used to finance the next three years.
Check out the routes of the Integration PAC announced by Mercadante
- Route 1 connects Amapá, Roraima, Pará and Amazonas with Guyana and Venezuela;
- Route 2 includes Pará, Amazonas, Colombia and Ecuador;
- Route 3 connects Mato Grosso with Peru, Bolivia and Chile;
- Route 4 covers Mato Grosso do Sul, Paraná, Santa Catarina and Rio Grande do Sul and reaches Argentina, Chile and Paraguay;
- Route 5 includes Rio Grande do Sul, Uruguay, Paraguay, Argentina and Chile;
- Routes 2, 3, 4 and 5 reach the Pacific Ocean; It is
- The 5th also arrives in the Atlantic.
Tebet also said that the route from the Pacific Ocean to the Atlantic via Paraguay is already underway. “We are ready to sign the work order for the bypass of the BrazilParaguay bridge worth R$400 million,” he explained. “All that’s missing is the president’s signature.”
Read also: “BNDES receives R$ 8 billion from Brics Bank”
magazine westwith information from Agência Estado