World Bank part funds Santos expansion

A subsidiary of the International Finance Corporation is to provide a long-term loan of $97m to finance expansion of container handling facilities at the port of Santos, in a project that will cost a total of $907m.

Additional finance worth $582m is being provided by a bank consortium consisting of BNP Parisbas, Credit Agricole, DnB Nor Bank, ING Capital, KFW Ipex Bank and Banco Santander.

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