Brazilian securitization arranger Rio Bravo Investimentos sees strong potential for the growing use of FIDC receivable investment funds as project finance. "Through FIDCs we've been trying to create new funding for infrastructure projects in Brazil," said Marcelo Michalua, director of the boutique shop.

He declined to comment on Rio Bravo's reported mandate from Sao Paulo commuter train operator Companhia Paulista de Trens Metropolitanos (see ASR 7/4/05).

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