Brazilian funding rules change boosts local construction projects

摘要

A significant change has taken place in the way Brazil's merchant marine fund (FMM) allocates money to potential investors in new vessels and shipyards.rnInvestors are urged to be cautious, especially of the country's "buy Brazilian" agenda. But with reaisl4.24Bn ($7.66Bn) allocated to various shipbuilding and shipyard projects in December - 169 projects received priority status and only three were rejected - investors should be aware of the possibilities of receiving financial incentives.