Brazil Hopes Green Debt Will Help Fund $3.1 Billion Amazon-Crossing Railway
- Government seeks green seal to boost access to project funding
- Initiative comes amid scrutiny over environmental policies
Amazon rainforest, Brazil.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Brazil is hoping global investors demand for green debt will help raise funds for some of its largest infrastructure projects, including a multi-billion railway crossing through a portion of the Amazon rainforest.
Latin America’s largest economy is seeking a “green seal” for the $3.1 billion Ferrograo railway, and for other projects in its $46.9 billion infrastructure concessions program, Infrastructure Minister Tarcisio de Freitas said in an interview in London on Tuesday.