AWARDS: BEST PORT FINANCING

AWARDS: BEST PORT FINANCING

Corporate & Sovereign Strategy

KINGSTON CONTAINER TERMINAL When the Panama Canal doubled its capacity in 2016, the port in nearby Kingston, Jamaica, took advantage of its position on Caribbean shipping routes. Despite a struggling economy on the island nation, the Kingston Freeport Terminal Ltd. (KFTL) embarked on an investment program to expand capacity to 3.2 million 20-foot equivalent units (TEUs) per year, from 2.8 million TEUs per year, within the first six years of its 30-year concession.  KFTL’s parent company, the French shipping firm CMA CGM, secured long-term financing for the $452 million expansion through the Inter-American Investment Corporation (IIC), the private-sector division of the Inter-American Devel

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