IFC to extend $15m long-term financing to Thilawa River Port terminal project

IFC to extend $15m long-term financing to Thilawa River Port terminal project

Photo: Myanmar International Terminals Thilawa

International Finance Corporation (IFC), the private lending arm of the World Bank Group, is extending a long-term financing facility of $15 million for the development of a greenfield bulk terminal at Thilawa, it announced on March 27.

The total cost to develop the port is estimated to be $65 million.

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