News
29 September 2023

IFC to support $489m Suez Canal expansion

In:
Infrastructure
Region:
Middle East & Africa

IFC is considering a $177 million package to finance the debt tranche of the Suez Canal Container Terminal’s 955 metre expansion project.The total project cost is expected to be $489 million with 64% financed by internally generated cash flows and the 36% by IFC debt. The MDB’s package...

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