FMO and IDCOL combine for port infrastructure loan in Bangladesh

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Asia-Pacific

Jonathan Bell

Editor-in-chief

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Dutch development bank FMO, working together with the Bangladeshi institution Infrastructure Development Company Limited (IDCOL), have signed an agreement to provide a senior corporate loan amounting to $30.51 million to Summit Alliance Port Limited (SAPL) in Bangladesh. The funds will be used to develop SAPL’s container handling activities.