ICA adds to Tren Maya financing

ICA adds to Tren Maya financing

Loans Debt Funds Mexico Project & Infrastructure Finance Capital Markets

Mexican construction company ICA has increased the size of a loan to finance the Tren Maya railroad project to MXN8 billion ($392 million), according to one of the legal advisers on the deal. National development bank Banobras has provided the financing for the project, a 1,525km railway on the Yucatán Peninsula that is under construction, US law firm Greenberg Traurig said in a press release on Monday. Greenberg Traurig advised Banobras on the transaction, it added. ICA will use the money to pu

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