In Argentina, FMO, the Dutch development bank, and Credit Agricole-CIB have arranged a USD 32.5 million facility for the construction of a USD 65 million green-field grain terminal in Quequén, one of the two deep sea grain ports in Argentina. The terminal will be used to store and load soybeans, soy meal, wheat, corn and barley sourced from the south of the Buenos Aires province and will have a total export capacity of 2 million tons of grains per year. In order to regulate the transport to and from the terminal a separate truck yard will be developed just outside the town of Quequén.
The Terminal is a joint venture of international agri trading companies CHS Inc and Noble Agri together with the Argentinean grain companies Alea, E-Grain, A&J Nari and Lartirigoyen. The project will be funded with 50% equity and 50% debt. The terminal is already for a large part completed and is expected to commence operations in the first quarter of 2016. FMO will provide an 8 year A-loan of USD 16.25 million and Credit Agricole-CIB a 5 year B-loan of USD 16.25 million.
This articles was originally posted at: http://www.biofuelsdigest.com/bdigest/2016/01/03/fmo-enables-deep-sea-grain-ports-in-argentina/ on