BNDES Commits R$500 Million to Belo Horizonte Climate Resilience, Funds Electric Buses

Overview

• BNDES unveiled the package Tuesday, committing R$500 million for the three-year BH Resiliente program and signing a contract to design a new bus model that could use concessions or PPPs with stronger metropolitan governance.
• Of the R$500 million, R$480 million comes from the federal Climate Fund for climate adaptation, with R$20 million from BNDES Invest Impacto for projects that cut social and environmental vulnerability.
• The plan adds drainage, slope containment, rain gardens, revegetation, park upgrades, and spring recovery to cut flood and landslide risk in priority areas over three years.
• The bank will also finance R$317 million to buy up to 100 battery electric buses made in Brazil plus chargers to start cutting tailpipe pollution from the fleet.
• BNDES reports R$59.3 billion approved for Minas Gerais since 2023, signaling a wider push in the state for infrastructure, energy transition, and urban resilience.