Brazil's Ministry of Cities allocates up to R$22.8 million for Saltinho road upgrades

The Ministry of Cities released the 45th updated list of pre‑selected proposals under the Avançar Cidades – Mobilidade Urbana program. The municipality of Saltinho in São Paulo was awarded projects aimed at road qualification and paving, funded with up to R$ 22.8 million from the Fundo de Garantia do Tempo de Serviço (FGTS).

Financing will be provided through the Pró‑Transporte infrastructure scheme with a nominal interest rate of 6 % per year, plus a possible differential of up to 2 % and a credit‑risk margin of up to 1 %. The loan term can extend to 20 years. This selection marks the third stage of the process; municipalities must still submit basic project designs and required documentation before financial agents validate the proposals for final contracting and publication in the official gazette.