Dubai Metro closes $2.5bn Bpifrance/Cesce-backed loan

In:

Infrastructure, Transport

Region:

Middle East & Africa

By Max Thompson

On 8 January 2018 Dubai's Department of Finance closed a $2.5 billion ECA-backed loan to finance the 15 km extension of the Red Line metro to the World Expo 2020 site. The $2.9 billion project is being financed with a combination of commercial bank and ECA debt.First Abu Dhabi Bank, HSBC, Intesa...

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