UABL III

completed

UABL Limited, an existing IFC client, is the largest barge operator on the Paraná-Paraguay river system in South America. The company primarily transports: - soy products and iron ore from Paraguay, Bolivia and Western Brazil for final export markets in Europe and Asia, and - petroleum products into Paraguay for domestic consumption. UABL is expanding its 2011-2013 investment program to (i) accelerate the acquisition of dry bulk barges, (ii) modify and refurbish part of its existing barge fleet and (iii) repower existing pushboats and acquire new pushboats, tugboats and ancillary equipment to grow its river transport operations and to satisfy growing demand. The proposed project will allow UABL to further optimize its operations, increase fuel efficiency and expand the transport capacity in the River System (the “Project or “UBAL III”).