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EIB finance for Montevideo
11 Feb 2008
The European Investment Bank has made available a loan of $41.6m to Terminal Cuenca de la Plata and to Nelsury SA to enable expansion of the container terminal at the port of Montevideo to go ahead.
EIB loan will help fund Montevideo expansion
The project, which is scheduled to be operational by mid-2009, consists of a 350 metre extension of the quay, plus dredging and the reclamation of 11.5 hectares of land.
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