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Fitch: Brazil Infrastructure Program Will Require Higher Tariffs

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NEW YORK--(BUSINESS WIRE)--The new Brazilian infrastructure program will likely require projects to carry higher tariffs to support higher financing costs, Fitch Ratings says. The BRL198.4 billion (USD63.7 billion) program announced on June 9, of which BRL69.2 billion (UDS22.2 billion) is slated to be invested by 2018, will also depend on the government's willingness to allow higher sponsor returns. Financing terms to be offered by Brazil's development bank Banco Nacional do Desenvolvimento Eco

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