Northeast Will Receive Over R$ 24.1 Billion in Investments Through FNE

Written by Valdemar Medeiros

Published on 14/12/2020 at 11:00

Região Nordeste

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The Constitutional Fund for Financing the Northeast (FNE), operated by the Bank of the Northeast, will have R$ 24.1 billion in investments for the 2021 fiscal year.

According to the president of the Bank of the Northeast, Romildo Rolim, “the commitment of BNB is to apply all the investments of FNE, contributing to the emergence of new businesses in the Region and to help existing ones leverage their operations, maintaining the income and jobs of the population.”

Research, Development and Innovation for the Northeast Region

During the meeting, in addition to the defined amount by FNE, the investment criteria for the resources of the Northeast Development Fund (FDNE) aimed at funding research, development and innovation (PD&I) activities, and technologies of interest for regional development were also approved. This segment will have amounts corresponding to 1.5% of the return from the financial operations of FDNE.

The FDNE aims to ensure resources for investments in the area of Sudene’s activity and will have R$ 824.7 million available in 2021. For projects in this sector, resources of around R$ 5.3 million are planned.

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Multipurpose Complexes

Starting in 2021, the FNE will invest in enterprises in the Northeast region characterized as “multipurpose complexes,” provided that they are non-residential and linked to public interest projects, such as the revitalization or requalification of areas and historical buildings.

The Condel meeting, chaired by the Minister of Regional Development, Rogério Marinho, included the president of the Bank of the Northeast, Romildo Rolim, the superintendent of Sudene, Evaldo Cruz, governors and vice governors of the states in the Northeast.

Money that will no longer circulate in the market, promoting the generation of new businesses to feed government coffers and pay interest. The FNE is the main source of revenue for BNB, currently accounting for 55% of the total amount of resources – estimated at R$ 27 billion – that the institution has available for application in 2015.

Northeast Will Receive Over R$ 24.1 Billion in Investments Through FNE

The Constitutional Fund for Financing the Northeast (FNE), operated by the Bank of the Northeast, will have R$ 24.1 billion in investments for the 2021 fiscal year.

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Research, Development and Innovation for the Northeast Region

Multipurpose Complexes

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Northeast Will Receive Over R$ 24.1 Billion in Investments Through FNE

The Constitutional Fund for Financing the Northeast (FNE), operated by the Bank of the Northeast, will have R$ 24.1 billion in investments for the 2021 fiscal year.

Read Also

Research, Development and Innovation for the Northeast Region

Multipurpose Complexes

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

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