Teresina City Hall obtains authorization for a loan of R$700 million

The loan will still need to complete the necessary steps for contracting with Banco do Brasil before the funds are released.

Of the total value of the loan, R$465.5 million, equivalent to 66.49%, will be used to settle financial obligations arising from credit operations already contracted by the municipality. The remaining R$234.5 million should be invested in works and actions considered priorities by municipal management.

Among the planned investments are improvements in urban mobility and infrastructure in the capital. Projects such as interventions on the João Claudino Bridge, known as the UFPI Bridge, the construction of the Ponte do Pesqueirinho, in the Santa Maria da Codipi region, the expansion of Shopping da Cidade, with a second unit, and the completion of Avenida Padre Humberto Pietrogrande are among the initiatives that may receive resources.

According to the city hall, the operation aims to reduce the financial costs of municipal debt, replacing contracts considered more onerous with a new line of credit with more advantageous conditions.