Muharraq planners praise Kexim support
- From: Vol 12, Issue 8 (August 2011)
- Category: General
- Region: Middle East
- Country: Bahrain
- Related Companies: Abu Dhabi Commercial Bank, Credit Agricole Indosuez, Kexim, Natixis and SMBC
As the Middle East’s first water BOT since the Arab Spring nears financial close, the loan pricing has become a key issue. What is clear is that the project would have been impossible without government-backed credit support.
Developers and financial arrangers for the landmark 160,000m3/d Muharraq wastewater BOT in Bahrain have praised the involvement of the Export-Import Bank of Korea (Kexim), saying the project would not have been possible without its significant government-backed credit involvement.
The $320 million project – set to be the first privately financed project in the Middle Eastern water sector to close ...
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