CMN Resolution No. 5309 - Establishes Conditions for Financing Lines for Urban Transport Fleet Renewal and Infrastructure Investments

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The Central Bank of Brazil, in accordance with Article 9 of Law No. 4.595 of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on June 19, 2026, having regard to the provisions of Article 4, caput, item VI, of Law No. 4.595 of December 31, 1964, and Article 7 of Decree No. 12.157 of August 29, 2024, and based on Provisional Measure No. 1.366 of June 12, 2026, Resolution CGEFROTA No. 1 of June 12, 2026, and Resolution CGEFROTA No. 2 of June 12, 2026,

R E S O L V E S:

Art. 1 This Resolution establishes the definitions, financial charges, conditions, and other regulatory norms applicable to reimbursable financing lines for investments in infrastructure, equipment, and fleet renewal of vehicles for individual urban passenger or cargo transport services that contribute to mitigating the environmental, social, and economic costs of people and cargo movements in cities, as provided for in Article 8-A of Law No. 14.947 of August 2, 2024, in accordance with Article 3 of Provisional Measure No. 1.366 of June 12, 2026.

Sole Paragraph. The financings referred to in this Resolution must comply with the provisions set forth in Resolution CGEFROTA No. 1 of June 12, 2026, and Resolution CGEFROTA No. 2 of June 12, 2026.

Art. 2 For the purposes of this Resolution, the reimbursable financing lines for investments in infrastructure, equipment, and fleet renewal of vehicles for individual urban passenger or cargo transport services shall be segmented into two:

I - financing for the acquisition of electric or flex mopeds, scooters, or motorcycles and electric bicycles by individuals; and

II - financing of infrastructure linked to increasing productivity and decarbonizing individual urban passenger or cargo transport services by legal entities.

Art. 3 For the financing line referred to in Article 2, caput, item I, the following conditions apply:

I - beneficiaries: professionals providing individual urban passenger or cargo transport services registered on a digital intermediary platform for the service or with employment ties under the Consolidation of Labor Laws (CLT), according to criteria defined by the governance bodies of the National Social Infrastructure Investment Fund – FIIS, in accordance with competencies assigned in Decree No. 12.157 of August 29, 2024;

II - purpose of resource application: renewal of the fleet of electric or flex mopeds, scooters, or motorcycles and acquisition of electric bicycles, contributing to the mitigation of environmental, social, and economic costs of people and cargo movements in cities and to increasing productivity;

III - financial charges to borrowers, as remuneration for financial institutions: up to 11.25% per annum (eleven and twenty-five hundredths percent per annum);

IV - financial charges to borrowers, as remuneration to the FIIS: 1.00% per annum (one percent per annum);

V - repayment term: up to four years, including two months of grace period for principal and interest; and

VI - risk of the operation: borne by the financial institutions operating directly or by the accredited financial agent in indirect operations, with the accrediting financial institutions continuing, in both cases, to bear the risks vis-à-vis the FIIS.

§ 1 In the case of vehicle acquisition by women, the charges referred to in item III of the caput shall be up to 10.25% per annum (ten and twenty-five hundredths percent per annum).

§ 2 The credit line referred to in the caput may be operationalized by Banco do Brasil and Caixa Econômica Federal and their accredited financial agents.

§ 3 In the case of indirect operations, the amount to be passed on to accredited financial institutions shall be defined by the accrediting financial institution, in conformity with its operational policies and good banking practices.

§ 4 The Ministry of Development, Industry, Trade and Services shall qualify manufacturing companies and publish identified lists of manufacturers, brands, and models of vehicles eligible for the financing line referred to in the caput.

Art. 4 For the financing line referred to in Article 2, caput, item II, the following conditions apply:

I - beneficiaries: public and private legal entities, preferably cooperatives, unions, and workers' associations, defined by the governance bodies of the FIIS, in accordance with competencies assigned in Decree No. 12.157 of August 29, 2024;

II - purpose of resource application: expansion of infrastructure linked to increasing productivity and decarbonizing individual urban passenger or cargo transport services, contributing to the mitigation of environmental, social, and economic costs of people and cargo movements in cities;

III - financial charges to borrowers, as remuneration for financial institutions: up to 9.10% per annum (nine and ten hundredths percent per annum);

IV - financial charges to borrowers, as remuneration to the FIIS: 3.00% per annum (three percent per annum);

V - repayment term: up to four years, including two months of grace period for principal;

VI - risk of the operation: borne by the financial institutions operating directly or by the accredited financial agent in indirect operations, with the accrediting financial institutions continuing, in both cases, to bear the risks vis-à-vis the FIIS; and

VII - limit: R$70,000,000.00 (seventy million reais) per borrower.

§ 1 Capitalization of interest during the grace period is not permitted.

§ 2 The credit line referred to in the caput may be operationalized by the National Bank for Economic and Social Development – BNDES, Banco do Brasil, and Caixa Econômica Federal and their accredited financial agents.

§ 3 In the case of indirect operations, the amount to be passed on to accredited financial institutions shall be defined by the accrediting financial institution, in conformity with its operational policies and good banking practices.

Art. 5 BNDES, Banco do Brasil, Caixa Econômica Federal, and the financial agents accredited by them may charge borrowers, in addition to the financial charges provided for in Article 3, caput, items III, and in Article 4, caput, item III, other charges or commissions, usually practiced in their operations, especially due to the request for consent within the scope of contracted operations, as established in their respective operational policies, and a charge for credit reservation, as provided in the contract, observing the incidence hypotheses and values disclosed on their respective official internet pages.

Art. 6 This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil