Investimentos para o setor naval brasileiro de 5,6 bilhões de reais é aprovado pelo Fundo da Marinha Mercante

Investment of 5.6 Billion Reais for the Brazilian Naval Sector Approved by the Merchant Marine Fund

Written by Flavia Marinho

Published on 27/03/2020 at 18:33

Updated on 27/03/2020 at 18:34

Investimentos para o setor naval brasileiro de 5,6 bilhões de reais aprovado pelo Fundo da Marinha Mercante

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The Navy’s Investments Will Benefit the Construction and Repair of Port Support Vessels, Maritime Services, and Shipyard Construction.

A pause on the coronavirus: the Merchant Marine Fund (FMM) approved R$ 5.6 billion in investments for the naval sector in a meeting held this month. FPSOs ordered by Petrobras for the pre-salt of the Santos Basin will have 25 percent local content

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The prioritized projects refer to the construction, conversion, repair, and modernization of port support, maritime support, and cargo vessels, as well as support for shipyard construction.

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Of the total approved investments for the naval sector, R$ 4.9 billion were allocated to projects that had already been approved by the Merchant Marine Council and obtained a new deadline for contracting, and R$ 654.3 million were for new projects. There was also authorization for project alteration, with no impact on the previously prioritized amount.

The meeting was held remotely to maintain safety due to the coronavirus pandemic, where the councilors had until March 23 to make their remarks, when the meeting was concluded.

According to the decision of the Merchant Marine Council, the Resolution of the Executive Board of the Merchant Marine Fund will be published in the Official Gazette (DOU) with the projects that obtained priority.

Once the Resolution is published, companies will be able to contract financing through the accredited financial agents (BNDES, BB, CEF, BNB, and BASA).

It was established by Ordinance MINFRA No. 253/2009, the deadline of 450 days for contracting financing in the case of new projects, and 180 days in the case of projects resubmitted due to non-contracting of the original priority.

According to the Resolution of the National Monetary Council No. 3,828/2009, the Merchant Marine Fund can finance up to 90 percent of the requested project value, with this percentage varying according to national content and the type of vessel.

The Fund, which is managed by the Ministry of Infrastructure, through the Executive Board of the Merchant Marine Fund – CDFMM, is currently a key instrument for investment in the naval sector, ensuring resources for the installation and modernization of shipyards, ensuring that Brazilian companies can establish, renew, or expand their fleet of vessels.

The next Ordinary Meeting of the CDFMM is scheduled for July 2 of this year. As established by Ordinance No. 253/2009 from the Ministry of Infrastructure, those interested in the investments will have until May 4 to submit projects to obtain priority for financing with resources from the Merchant Marine Fund.

The Ministry of Infrastructure informs that in case of changes to the calendar due to the impacts of the new coronavirus, new dates will be announced on the Merchant Marine Fund website at the address: https://infraestrutura.gov.br/fundomarinhamercante.html

Investment of 5.6 Billion Reais for the Brazilian Naval Sector Approved by the Merchant Marine Fund

The Navy’s Investments Will Benefit the Construction and Repair of Port Support Vessels, Maritime Services, and Shipyard Construction.

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