Independent journal on economy and transport policy
08:54 GMT+1
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Financing of 377 million dollars for the first phase of the new port ecuadoregno of Posorja
It is granted by BID Invest, from the Chinese bottom of co-financing for the region of the Latin America and the Caribbean and from French and German investment banks
November 26, 2018
BID Invest, the division for the private sector of the Inter-American Bench de Desarrollo (BID), the organization financial institution for the development and economic integration of the regions of the Latin America and the Caribbean, have granted a financing of the value of 377 million dollars for the construction, management and maintenance of the first phase of the multipurpose terminal of the port of Posorja, in Ecuador, whose realization and management are conferred two years and means makes the terminalista group DP World of Dubay(on 7 June 2016).
The financing granted from BID Invest, that it covers 70% of 539 million dollars estimated necessary for the execution of the first phase of the project, is subdivided in a loan of the value of 144 million dollars and from the mobilization of coming resources from other total investor for 233 million dollars, of which 50 million coming from the Chinese bottom of co-financing for the region of the Latin America and the Caribbean and other resources from French and German investment banks. BID Invest has remembered that it in the long term offers to financings of the duration 15-year-old that are not available in Ecuador and that they are in order to assure the sustainability financial institution of this harbour project.
Manifesting satisfaction for the concession of the financings, than - it has emphasized - "it demonstrates the confidence and the total interest that this project has provoked", the managing director of DP World Posorja, Jorge Velásquez, has announced that "this loan, with the start-up capital invested from the shareholders, allows us to complete our investment program that will afford of giving start to the activities in the second half of 2019". The inauguration of the operating activity of the new harbour port of call in fact is previewed for the next june.
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BID Invest, the division for the private sector of the Inter-American Bench de Desarrollo (BID), the organization financial institution for the development and economic integration of the regions of the Latin America and the Caribbean, have granted a financing of the value of 377 million dollars for the construction, management and maintenance of the first phase of the multipurpose terminal of the port of Posorja, in Ecuador, whose realization and management are conferred two years and means makes the terminalista group DP World of Dubay
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
