Banks ready credit for Codelco desal project

Banks ready credit for Codelco desal project

Loans Project & Infrastructure Finance Chile Debt

Banks are getting ready to extend credit to the winner of a contract to build and operate a desalination plant for Chilean copper miner Codelco, LatinFinance has heard. Codelco has received proposals from four consortiums and is expected to name a preferred bidder for the $1bn project in June, according to sources close to the deal. Japan's Marubeni has partnered with the Italian-Argentine conglomerate Techint to present one offer, while Mitsui from Japan, Engie from France and Acciona from Spai

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