IDB Invest lends to Antioquia port project

IDB Invest lends to Antioquia port project

Loans Debt Project & Infrastructure Finance Ports Economy & Policy Colombia France United States

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said Tuesday that it arranged $200 million in long-term financing for a new port terminal concession at Puerto Antioquia in Colombia. IDB Invest agreed to provide a $150 million loan from its own account and deploy $50 million in 17-year financing from funds that it administers, the multilateral lender said in a press release. The financing comes with terms that are "not available in the open market, necessary

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