CAF approves $1 bln in loans for transport, power companies

CAF approves $1 bln in loans for transport, power companies

Loans International Financial Institutions CAF Debt Project & Infrastructure Finance Toll Road Ports Railroads Highways Tunnels Energy Electricity South America Brazil Mexico Costa Rica Trinidad & Tobago

South American development bank CAF has approved $1.03 billion in financing for transport and electricity projects in Brazil, Mexico, Costa Rica and Trinidad and Tobago, according to separate press releases. In Brazil, the bank granted a $550 million loan to Companhia Paulista de Trens Metropolitanos (CPTM) to add 8.3km to Line 2-Green of the São Paulo metro system, it said in a release on Tuesday. CAF's credit portfolio in Brazil came to $2.17 billion at the end of May this year, accounting for

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