Financing
From the beginning, the funding process was complicated. The first bank that had lent to the Catarina government failed. Thus, a new loan had to be obtained delaying the works. In addition, a manoeuvre of the U.S. bankers arranging the financing made the state of Santa Catarina liable for debts of the failed institution. In the end, the cost reached 14.478 trillion reis, ten times the original estimate and almost double the state budget at the time. The repayment of loans, made by U.S. banks, was completed in 1978, more than 50 years after the inauguration of the bridge.
Read more about this topic: Hercilio Luz Bridge