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Article: Jamaica : TransJamaican lands US$70m IDB loan - To extend toll road, pay down debt.
- Article from:
- TendersInfo
- Article date:
- October 6, 2009
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TransJamaican Highway Limited has landed a US$70-million loan from the Inter-American Development Bank (IDB) as carry-on financing on the toll road network in Jamaica that the French company will own under concession for a generation.
The loan was approved September 30, the IDB announced Thursday, saying the money would facilitate TransJamaican's expansion and upgrade of "a network of world-class motorways linking the capital city of Kingston with its western suburbs and central regions of the island".
Shareholders in the Trans-Jamaican project are Bouygues Travaux Publics and Autoroutes du Sud de France.
The funds will ...