The board of directors of the Brazilian Development Bank (BNDES) has approved the basic financial support conditions for public services concessions in expanding, maintaining and exploring the international airports in Brasilia (Federal District), Campinas and Guarulhos (satellite cities both in the state of São Paulo).

The BNDES’ disbursements closed the year 2011 at R$ 139.7 billion. The result was within the Bank’ expectations and allowed the institution to continue contributing to the expansion of investments in the Brazilian economy, with emphasis on the infrastructure sector.

The BNDES has created a new program to encourage the production of sugarcane by financing the renovation of old sugarcane farms and the expansion of the cultivated area. The program is open until December 31 this year.

The Board of Directors of the BNDES approved financing in four different projects for the construction of 26 wind farms, all in the state of Rio Grande do Norte, amounting to R$ 1.8 billion. The projects will have an installed capacity of 628.8 megawatts and will require total investments of R$ 2.6 billion.