Chinese consortium negotiates loan for bridge PPP

Chinese consortium negotiates loan for bridge PPP

Project & Infrastructure Finance Loans Debt Brazil China Asia

The Chinese consortium that won the contract for the Salvador-Ilha de Itaparica Bridge in Brazil has entered negotiations with Bank of China to finance its share of the BRL5.4 billion ($1.3 billion) project, according to a source involved in the deal. China Communications Construction Company (CCCC) and CR20, a division of China Railway Construction Corporation (CRCC), presented the sole offer for the 30-year public-private partnership (PPP) in December and agreed to take on BRL3.83 billion in i

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