IDB mulls Buenos Aires rail loan

IDB mulls Buenos Aires rail loan

Project & Infrastructure Finance Loans Argentina

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial