IFC, IIC partner on Sao Paulo roads

IFC, IIC partner on Sao Paulo roads

Bonds Structured Finance Brazil Loans Project & Infrastructure Finance

IFC and IIC have teamed up to finance as much as 50% of investments in two planned toll road concessions in the state of Sao Paulo, LatinFinance has heard.Each institution will fund up to 25% of the project costs. If one of them can only finance 20%, the other will still not go beyond 25%. It will not give 30% so that the 50% threshold is met, said a source involved in the planning.IFC and IIC will try to bring in more funding sources, such as other lenders and capital markets investors, to comp

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