📋 Tender Overview
It was published on Tuesday 17 new resolution of the Management Council of the Fund for Universalization of Telecommunications Services Fust. The text changes the direction of application of resources to clarify the accountability to be carried out by the beneficiaries of the financial agent. In addition it reinforces the difference in accountability regarding the application for the tax benefit contained in Art. 6- A of the Fust Law.The publication also details the reports by the beneficiary entity whether public or private. In addition the text emphasizes that the monitoring of the actions of non-reimbursable resources should be carried out by financial agents.The goal with the changes and the availability of resources is to enable the expansion of internet access in the country especially in the areas of education and health in the most distant regions and for the population that needs it most said Communications Minister Juscelino Filho.In total the Fund has already passed on almost R 1.2 billion to the National Bank for Economic and Social Development BNDES for investments in the sector. Of these almost R 30 million should be invested in projects in the non-reimbursable modality aimed at the expansion use and improvement of telecommunications networks and services. BNDES is Fusts financial agent responsible for operationalizing the resources.ABOUT FUST Established by Law 9998 of August 17 2000 Fust had its purpose restructured and is now oriented to stimulate the expansion use and improvement of the quality of telecommunications networks and services reducing regional inequalities and encouraging the use and development of new connectivity technologies. The Funds Management Board is chaired by the Ministry of Communications MCom.Currently there are three ways of implementing Fust non-refundable support reimbursable support funding lines through financial agents and guarantee credit guarantee mechanisms.
