Marubeni team lines up loan for Codelco desalination plant

Marubeni team lines up loan for Codelco desalination plant

Project & Infrastructure Finance Loans Debt Chile Japan

A consortium led by Japan's Marubeni is looking to get a long-term loan for $1 billion to finance construction of a desalination plant in northern Chile, said two sources close to the deal. Marubeni, together with the local power company Transelec and the Italian-Argentine conglomerate Techint, won the contract earlier this month to build and operate the plant for the state-owned copper company Codelco. Around 10 banks have been selected to participate in the deal, including lenders from Asia, N

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