Brazil's Temer says Olympics metro funding settled next week

RIO DE JANEIRO (Reuters) - Additional financing to complete a Rio de Janeiro metro line in time for the Olympics in August should be settled next week, Brazil's interim President Michel Temer told journalists on Tuesday.

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Published 15 June 2016 2:54am

Source: Reuters

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Last week, Rio's finance secretary said the state's missed payments to international development banks had blocked the release of a loan for 1 billion reais (202.35 million pounds)from the Brazilian government development bank BNDES to finish the line.

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(Reporting by Rodrigo Viga Gaier)

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Brazil's Temer says Olympics metro funding settled next week

RIO DE JANEIRO (Reuters) - Additional financing to complete a Rio de Janeiro metro line in time for the Olympics in August should be settled next week, Brazil's interim President Michel Temer told journalists on Tuesday.

News that makes sense

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