Central Railroad PPP Project

in implementation

The Project’s objective is to design, construct, finance and maintain the272-kilometer long railwaybetween Montevideo and Paso de Los Toros in Uruguay. The financing consists of (i) a senior A loan, granted by the IDB Group for an amount of up to US$300 million and a senior B loan for an amount of up to US$160.9 million, provided by two international commercial banks; in addition, the financing will include (ii) a subordinated A loan provided by the IDB Group for an amount of up to US$7.5 million and a subordinated B loan for an amount of up to US$67.5 million.Amendment:Subsequently, in 2022 IDB Invest approved certain modifications to the financing granted in 2019, including among others the following: (i) a new B Loan for US$250,000,000, (ii) reduction of the IDBG A Loans from US$300,000,000 to US$175,000,000, and (iii) reduction of the IDB Invest B Loan from US$160,900,000 to US$130,450,000.