Ports

IFC has committed about $1 billion in investments worldwide in transportation infrastructure projects (ports, airports, and toll roads). Our projects include project financing for greenfield facilities, corporate loans, and refinancing of bridge loans in a variety of contractual structures, including full concessions, BOTs, and others.

Recent Projects

Manzanillo Port – México
IFC provided $45 million in long-term debt financing to SSA Mexico Holdings, S.A. de C.V. (SSA Mexico). SSA Mexico is a wholly-owned subsidiary of Carrix, Inc., the world’s largest privately held container terminal operator and cargo handling company. Through its subsidiary, SSA Mexico operates the primary container handling facility on Mexico’s Pacific coast in Manzanillo, Colima. It also has various cargo handling operations in the port of Veracruz, and cruise ship terminals in Cozumel and Progreso. IFC’s financing will help SSA Mexico achieve a more sustainable capital structure and provide it with financial flexibility to continue its capital expansion program.

• Press Release
• Summary of Project Information

Sokhna Port Development Company – Egypt
IFC provided a $20 million loan to the Sokhna Port Development Company (SPDC). SPDC operates the Sokhna Port under a 25-year concession agreement awarded by the government of Egypt in 1999. The Sokhna port is a modern deep water port facility and the first fully private port operating in Egypt. Located at the southern entrance of the Suez Canal, it allows ships serving the Cairo area to load and unload their cargo destined to and from Egypt and turn around without having to cross the Suez Canal. IFC’s funding will help finance SPDC’s investments in equipment and civil works.

• Press Release
• Summary of Project Information

Kusadasi Port – Turkey
IFC will provide a total of up to $18 million to Ege Liman Isletmeleri A.S. (Ege Ports). The financial package consist of a $10 million loan for IFC's own account and an $8 million syndicated loan for the account of Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO), the Dutch development bank. IFC’s loan will be used to finance the upfront concession payment, as well as the construction of a new passenger terminal and the extension of existing berths to help the port meet international standards of efficiency and safety. Ege Ports holds a 30-year concession to operate the Kusadasi cruise ship port on Turkey’s Aegean coast.

• Press Release
• Summary of Project Information

Tecon Rio Grande - Brazil
In two investments, in 1998 and 2004, IFC has provided a total of $47 million in long-term loans to Tecon Rio Grande S.A. In 1997, Tecon was awarded a 25 year lease to operate and expand the container terminal at the port of Rio Grande, currently Brazil’s second largest container terminal, accounting for 13% of total container movements in Brazil. The IFC investments were part of larger projects totaling $77 million to expand the capacity of the terminal from 80,000 container-moves to 600,000 container-moves in two phases.

• Press Release
• Summary of Project Information