PORT LAFITO S.A.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Port Lafito S.A. is developing a multi-purpose port and terminal in Lafiteau area in Haiti. Port Lafito is majority owned by GB Group, a diversified group of companies with a strong foothold in Haiti and the Caribbean. Port Lafito is scheduled to start operations in January 2015, with an estimated initial annual design throughput capacity of just over 70,000 twenty-foot equivalent unit containers and 1,000,000 metric tons of bulk cargo.
What is our funding objective?
FMO's funding will primarily be used for: (i) the construction of a 450-meter quay for container/bulk berths; (ii) the deepening the terminal's draft alongside to 12 meters; (iii) the installation and acquisition of the necessary cargo handling equipment; and (iv) the development of the terminal's yard, dry-terminal at Chancerelles and supporting backup areas/infrastructure.
Why do we fund this investment?
By providing scarce long-term project finance, FMO supports the development of much needed port infrastructure in Haiti – the poorest and least-developed country in the Western Hemisphere. The project will significantly improve the current substandard capacity that is inadequate to satisfy demand.
- Region
- Latin America & The Caribbean
- Country
- Haiti
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 9/18/2014
- End date
- 7/8/2019
- Total FMO financing
- USD 12.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+