The Board of Directors of the New Development Bank (NDB) have approved the North Region Transportation Infrastructure Improvement Project, bringing the Bank’s portfolio to 46 projects with loans aggregating to USD 12.8 billion. The Bank will provide a loan of USD 300 million to Vale S.A., one of Brazil’s largest firms and the leader in mining and logistics operations in the country. The North Region Transportation Infrastructure Improvement Project is expected to help improve Vale’s capacity a
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