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Panama Canal – DFI financing
23 March 2009
Agencies come together for Panama
Read more:
Panama
canal
project
CAF
EIB
IADB
IFC
JBIC
Mizuho
The Panama Canal Expansion is a unique project, and with five development agencies on board with a total debt package of $2.3 billion is a remarkable feat of international cooperation. In addition, the expansion of the canal has tremendous benefits for the shipping and global trade. The expansion programme will widen and deepen the canal, while adding a third set of locks able to transship post-Panamax class vessels. This historic project marks the first major expansion effort, and only financing, in the canal's 94-year operating history.
The $2.3 billion total debt financing was arranged by Inter-American Development Bank (IDB), International Finance Corporation (IFC), European Investment Bank (EIB), Japan Bank for International Cooperation (JBIC) and Andean Finance Corporation (CAF)....
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