December 9, 2013
The IFC has agreed to provide $300m to APM Terminals Lazaro Cardenas in Mex
The IFC has agreed to provide $300m to APM Terminals Lazaro Cardenas in Mexico, to help fund construction of a new terminal at the port. It does not disclose the pricing of the 12-year facility. IFC’s long-term financing includes $100m from its own account and an additional $200m through a syndication with Bank of Tokyo-Mitsubishi, Nordea Bank and Skandinaviska Enskilda Banken. The new terminal is to be the first automated container terminal in Latin America, at a total project cost of $900m.