Banks Invest USD940M in Brazil Road Project

The Inter-American Development Bank, Japan Bank for International Cooperation, Caixa Geral de Depositos, Banco Bradesco of Brazil, Banco Espirito Santo of Portugal and Caylon Bank of France have invested USD940 million to finance the construction of a 182-kilometer beltway project in Brazil, according to the

. The project aims to improve traffic in the Brazilian city of Sao Paulo and provide better access to the seaport of Santos.