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IDB Invest funds railroad PPP in Uruguay

IDB Invest funds railroad PPP in Uruguay

May 2, 2019 | Mick Bowen
Multilateral agency brings in commercial banks and international lenders to provide $500m in financing for the Ferrocarril Central

Project & Infrastructure Finance Loans Debt Economy & Policy Uruguay

IDB Invest said it has approved a $500m financing package for the Ferrocarril Central railroad public-private partnership in Uruguay. The multilateral agency has agreed to arrange a 17-year, $440m senior loan and a subordinated loan for up to $60m with commercial banks and international lenders, IDB Invest said in a press release. Vía Central, a consortium with Sacyr and Saceem from Spain, NGE from France and the local firm Berkes, will build and operate 273km of railroad lines between Montevide

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