The National Bank for Economic and Social Development (BNDES) reported having received this Friday (6) the first installment of the agreed payment for repairs for the collapse of the Fundão dam, in Mariana, Minas Gerais.
The deposit, worth R$1.88 billion, was made by Samarco Mineração SA to the Union, this Friday, in a provisional account set up by BNDES.
The development bank will be the manager of the Rio Doce Fund, a private fund responsible for the socioeconomic recovery of affected populations in the states of Minas Gerais and Espirito Santo. According to BNDES, the resources credited will be adjusted by the Selic rate until the fund is effectively constituted.
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“The decree that regulates the Rio Doce Fund is being prepared and is expected to be published by the end of the month. Through it, the governance of the execution of the actions and measures that the Federal Government has committed to carry out will be disciplined”, informed the BNDES, in a note.
In the legal agreement signed on October 25, to repair the damage caused by the collapse of the Fundão dam, the payment of R$49.1 billion was established by Samarco and its controlling companies, Vale SA and BHP Billiton Brasil Ltda.
The resources will be credited to the private fund in installments over 20 years. The resources will be allocated to “actions to improve socioeconomic conditions and environmental quality in the affected regions”.
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Regarding the role of BNDES as a resource manager, the president of the development bank, Aloizio Mercadante, stated that the institution has “extensive experience in managing funds and executing large infrastructure projects” and that “it will act to contribute to the repair of those affected in Minas Gerais and Espírito Santo, guaranteeing high governance rules, especially regarding transparency and auditing”, he assured.
