In September, the Renova Foundation deposited in a court held account about R$ 480 million in compliance with a court decision. This amount corresponds to half of the R$ 830 million allocated to investments in education and infrastructure in Minas and Espirito Santo. All compensatory expenses are being directed to projects with collective and long-term impact in the Doce River Basin and have been approved by the Interfederative Committee (CIF). The rest will be deposited in six and 12 months, and its release by the 12th Federal Court will occur according to the schedule of works presented by the states and municipal governments.
RENOVA FOUNDATION DEPOSITS HALF OF THE R$ 830 MILLION TO BE ALLOCATED TO INVESTMENTS IN EDUCATION AND INFRASTRUCTURE IN MG AND ES
Published in: 01/07/2021
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