The larger work in building of Brazil, the Belo Monte dam, received a billion dollars of financing from BNDES for the purchase of machinery and equipment. Of this total, 43.2% will be paid by taxpayers.
Related Posts
Bloomberg Businessweek: Last of Eden: In the Shadow of Brazil's Largest Construction Site
February 28, 2014
Series of photos by Taylor Weidman show what life is like for people who live around the construction site of the Belo Monte dam in Brazil.
Brazilian hydroelectric Belo Monte receives operating license
November 25, 2015
The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) granted on Tuesday (24) the environmental license for the Belo Monte dam to begin operation in Para State.
Documentary The Ashes of Belo Monte - Repórter Brasil
November 24, 2015
Documentary follows the deforestation made by Belo Monte to clean the area to be flooded. Trees are burnt irregularly and plant wastes hundreds of logs.