September 28, 2022 |
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
Mexican construction company increases the size of a loan from Banobras to $392 mln