The vice-president and minister of Development, Industry, Commerce and Services (MDIC), Geraldo Alckmin, launched this Thursday (8) the Move Brasil program, which will offer financing with lower interest rates for road freight transport companies, cooperatives and self-employed truck drivers. Encouraging fleet renewal must meet vehicle sustainability criteria and local content.
According to the government, the program will make R$10 billion in credit available, between resources from the National Treasury (R$6 billion) and the National Bank for Economic and Social Development (BNDES), responsible for operating all Move Brasil credit lines. Of this total, R$1 billion is reserved exclusively for self-employed and cooperative truck drivers.
In December, the government had already published Provisional Measure (MP) that authorizes the allocation of resources for truck fleet renewal credit lines. By ordinance, the MDIC defined the local content, sustainability and recycling criteria for granting financing. The National Monetary Council (CMN) established the financial conditions of operationsincluding interest, deadlines and grace period, with special benefits for those who hand over an old vehicle for dismantling.
“This is important for the environment, for public health and for the economy, because it removes old vehicles that pollute more from circulation, puts new and safer vehicles on the highways and helps to secure jobs and stimulate national industry and commerce”, said Alckmin during a visit to a truck dealership in Brasília. The vice-president was accompanied by the president and CEO of Volkswagen Caminhões e Ônibus, Roberto Cortes.
According to the Ministry of Finance, the measure will not have a primary fiscal impact, as the financing is refundable, does not have a guarantee from the Union and has a credit risk assumed by the participating financial institutions. The maximum financing amount is R$50 million per beneficiary.
According to the regulations approved by the CMN, the reimbursement period can reach 60 months; there will be a grace period of up to six months to pay the first installment; interest capitalization is not permitted during the grace period; Financing requests can be filed until June 30, 2026.
The truck to be purchased must be manufactured at least from 2012 onwards. The program also provides for more favorable interest conditions for trucks powered by electricity or biomethane, which tend to cost more than diesel models.
Regarding the granting of advantages for those who send their old vehicle for dismantling, the program establishes some rules, such as a vehicle in roadworthy condition, having regular licensing for the year 2024 or later and having an original registration date greater than twenty years old. There are also rules for definitive cancellation at the transit agency and sending it to the dismantling company. The beneficiary of the financing must undertake to deliver to the financial institution, within a period of up to 180 days, the certificate of deregistration of the vehicle and invoice for entry into the dismantling plant.
