Projects will receive remaining resources from Finor and Finam

The Chamber of Deputies approved this Thursday (12) the Bill 4096/24 which allocates remaining resources from the Amazon Investment Fund (Finam) and the Northeast Investment Fund (Finor) for investments in infrastructure in the North and Northeast regions. The project now goes to presidential sanction.

The project changes the Law 14,165/21 extinguishing the Finam and Finor investment funds. The resources resulting from the two funds will be allocated to the current Amazon Development (FDA) and Northeast (FDNE) funds.

The rapporteur of the matter, deputy José Guimarães (PT-CE), argued in favor of the project, stating that Finam and Finor stopped taking on projects in the 2000s. “The mission of promoting these regions was transferred to the FDA and FDNE”, he said .

The quotas to be paid in amount between R$237 million and R$303 million, in Finam, and between R$688 million and R$1.06 billion, in Finor. The potential effect of investments in the North and Northeast regions could reach R$1.3 billion, without the use of resources from the General Budget of the Union.

According to the report presented by Guimarães, the resources transferred to the FDA must be used to acquire preferential shareholdings, without voting rights, in public service concession companies included in the Growth Acceleration Program (Novo PAC), upon request from the concessionaires that already have a project approved within the scope of the fund.

The resources that are integrated into the FDNE will be invested in public service concession companies in the railway logistics sector, in projects that have previously received contributions from the fund, including the Transnordestina railway.