On 9 march, FMO attended the official financial closing ceremony of Summit Alliance Port Ltd (SAPL), the leading private sector inland container depot operator in Bangladesh. FMO, together with Infrastructure Development Company Limited (“IDCOL”), has provided a senior corporate loan of USD 30.51 million for SAPL to build Bangladesh’s first-ever private sector inland container river terminal facility. IDCOL and FMO will provide USD 10 million and USD 20.51 million, respectively. Read more about how this facility will be a more environmentally friendly alternative for transport now done by trucks here.
