The International Finance Corporation (IFC), the World Bank’s private-sector lender, has arranged nearly $600 million in loans for a new container terminal that will raise capacity at Brazil’s largest port.
The IFC will provide $97 million to Brasil Terminal Portuario S.A. (BTP), a joint venture that will develop and operate the new terminal that is now under construction at Santos port and is expected to start operating by the end of 2012.
From the American Journal of Commerce