FMO is pleased to announce the successful closing of a USD30 million transaction with APM Terminals Callao, Peru.
The financing will be used for the expansion and refurbishment of the existing multi-use terminal in the Port of Callao. Callao serves Peru’s main economic region but the lack of adequate infrastructure hinders the country’s competitiveness and economic growth. While the Country has shown robust GDP growth in the past 5 years, 28% of the population (or 8.3 million people) still live below the poverty line. International trade plays a significant role in Peru’s economic growth and is therefore a crucial factor for poverty alleviation. The Project is highly developmental as it will provide much needed container handling capacity for the Country.
