SUMMIT ALLIANCE PORT LIMITED
Status: Completed investmentWhy disclosure?
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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
Since the start of commercial operations in 2007, SAPL has become the leading Bangladeshi company providing off-dock services, such as: i) Inland Container Depot (ICD) services, and ii) Container Freight Station services. ICD services comprise of transportation and storage of empty containers as well as redelivery of the empty containers to various locations as per client's advice. SAPL's container yard and warehouses are located close to the Port of Chittagong, which is the country’s principal sea port.
What is our funding objective?
The funds will be used to expand SAPL’s current business by developing container transport by river as a cost competitive, efficient, innovative and more environmentally friendly (Transport Modal Shift) alternative for transport by truck.
Why do we fund this investment?
By providing the loan facility from the Infrastructure Development Fund (IDF), FMO contributes to the improvement of basic infrastructure in Bangladesh, a country in the process of graduating as ‘lower middle income country’ in Asia – one of the poorest and least developed countries in Asia. Due to the substantial reduction/avoidance in GHG emissions, the transaction can be labeled as 100 percent green.
More investments
| Date | Total FMO financing |
|---|---|
| 9/12/2019 | USD 13.01 MLN |
- Website customer/investment
- http://www.saplbd.com
- Region
- Asia
- Country
- Bangladesh
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 6/29/2015
- End date
- 9/12/2019
- Total FMO financing
- USD 7.50 MLN
- Funding
- Building Prospects
-
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+