October 26, 2018 |
The IDB said on Thursday it will lend $78m to partially fund a 240km high voltage transmission line connecting the municipality of San Ignacio de Velasco with the Bolivian national grid.
The multilateral said in a statement that the funds would come from its ordinary capital. The two-tranche loan will help prepare future network links from the municipality to San Matia, 300km away.
Tranche one is a $66.3m, 30.5-year loan priced at a factor over Libor and will have a 6.5-year grace period. The
South American nation nets $78m in long-term financing to help its national power grid