OAS loses BNDES funding for Argentine water project

OAS loses BNDES funding for Argentine water project

Structured Finance Argentina Brazil Loans Project & Infrastructure Finance

BNDES said it has canceled funding for a water project in Argentina under contract to Brazilian builder OAS. The Brazilian development bank has already covered roughly 70% of the project costs with $165m in financing. OAS will get the rest of the funding for the Segundo Acueducto del Chaco from local sources, BNDES said in a statement. BNDES temporarily suspended financing for 25 projects outside Brazil in May last year. It resumed funding in December for a toll road in Honduras being developed

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