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Published: November 2009      

IFC to support Ho Chi Minh City facility...

IFC, a member of the World Bank Group, has announced that its Infrastructure Crisis Facility (ICF) has committed a financing package to help SP-SSA International Container Services, a joint venture between Vinalines, Saigon Port and Carrix, Inc, to develop a deepwater container handling facility in Ho Chi Minh City, Vietnam.

Approval of the project marks the operational launch of the Infrastructure Crisis Facility Debt Pool. The ICF was set up to direct funding to infrastructure projects that are privately funded or public private partnerships. To date, it has received pledges from the German institutions KfW Entwicklungsbank and Deutsche Investitions- und Entwicklungsgesellschaft mbH, the French Investment and Promotions Company for Economic Cooperation (Proparco), the European Investment Bank, and IFC....


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