August 17, 2017
The IDB has received a $400m loan request from Argentina’s Ministry of Transport. The development bank’s board will convene on August 24 to approve the loan.
If approved, the proceeds will go towards financing the San Martin line between Retiro and Pilar. The sovereign-backed 25 year loan is expected to be provided with a roughly 2% interest rate and a 5.5-year grace period, according to a source close to the financing.
Disbursements are expected to take place over five years, matching the rai
Argentina's transportation ministry requests $400m to fund the San Martin line between Retiro and Pilar