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French-Colombian consortium finances Antioquia port project

French-Colombian consortium finances Antioquia port project

April 15, 2022
CMA CGM and PIO SAS sign $523 mln in loans for a $672 mln terminal on Colombia's northern coast

Loans Project & Infrastructure Finance Ports International Financial Institutions Inter-American Development Bank (IDB) World Bank IDB Invest Colombia France

Puerto Bahía Colombia de Urabá, a consortium led by French shipping company CMA CGM and local developer Puertos, Inversiones y Obras (PIO SAS), has reached financial close on a port terminal concession in northern Colombia, according to its legal adviser. The consortium got $393 million in senior financing from IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), including money from the China Co-Financing Fund for Latin America and the Caribbean. It also borrow

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