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June 8, 2022

IDB Invest offers funding for Uruguay’s Central Railroad Line project

The package will help enhance connectivity and integration within Uruguay with its capital Montevideo.

IDB Invest , a member of the IDB Group, has approved a $250m financing package for the Central Railroad Line project in Uruguay.

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The package, comprising a $250m senior facility through a fixed-rate B-bond, will help enhance connectivity and integration within Uruguay with its capital Montevideo.

Proceeds from the package will be used for refinancing existing debt, besides strengthening the overall financing terms of the project.

Via this B-bond, IDB Invest is helping meet Uruguay’s target of attracting direct foreign investment, directing new resources to drive infrastructure projects and opening up funding available from international institutional investors.

The B-bond is said to be the largest that IDB Invest has structured so far. 

IDB Invest chief investment manager Gema Sacristan said: “Investing in large-scale, sustainable infrastructure projects can have a transformative impact for the future of our region.

“At IDB Invest , we continue to innovate to mobilise financing and attract new investors to Latin America and the Caribbean.”

In 2019, IDB Invest also provided a financial package of around $536m, including a $300m loan from IDB Invest . The rest of the amount was mobilised from investors as well as commercial banks.

The project was implemented through a public-private participation (PPP) contract.

IDB Invest stated that the move is anticipated to support four United Nations sustainable development goals.

These goals include decent work and economic growth (SDG 8), industry, innovation, and infrastructure (SDG 9), responsible production and consumption (SDG 12), and partnership for the goals (SDG 17).

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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