Julio Bueno said the non-payment of debt to the Agence Française de Developpement and the Inter-American Development Bank blocked the release of the funds. He said he was talking to the federal government about release of the funds in order to complete the much-delayed Line Four of the Rio metro on time for the start of the Olympics on Aug. 5.
A spokesperson for BNDES was not immediately available for comments.
(Reporting by Alonso Soto; Editing by Dan Grebler)
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