A port terminal project in Peru has reached financial close, according to InfraPPP.
The financing includes a syndicated loan of up to $132 million over a period of eight years.
The Agency for the Promotion of Private Investment PROINVERSIÓN in Peru approved the financial close for the first and second stages of Salaverry Multipurpose Port Terminal concession project.
Salaverry Terminal Internacional was awarded the development contract for the project in May 2018.The contract includes the design, financing, construction and operation of the terminal, which is expected to receive “state-of-the-art infrastructure and equipment” post completion of stages 1 and 2 of the project.
The upgrades will allow the port to meet the needs of agro-export, grains, mining production and other companies, strengthening foreign trade, said InfraPPP.
The terminal modernization project will require an investment of $229 million.
