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Article: El Salvador : BNDES to loan US$800mn to modernize public transport system.
- Article from:
- TendersInfo
- Article date:
- September 15, 2009
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Byline: pinto03
On a state visit to Brazil, El Salvador's President Mauricio Funes met with representatives from the Brazilian private sector who expressed their interest in investing in the Central American country, El Salvador's presidential website reported.
During the visit, Brazil's national development bank BNDES agreed to lend El Salvador US$800mn to modernize its public transport system and an outline agreement for the loan was made.
Of the total, US$350mn-450mn will be spent on over 5,000 buses to renew the country's aging fleet, said Funes at a meeting with Sao Paulo state's industry federation Fiesp, according to the report.
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