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- Operations
- UABL Paraguay Ltd.
UABL Paraguay Ltd.
Paraguay
Borrower | UABL Paraguay Ltd. |
Financing Type | Private Sector & Trade Finance |
Instrument | Private Sector Debt |
Focus Area | Transportation |
Approved | 08.10.2008 |
Signed | 28.11.2008 |
Status | Completed |
Loan Administrator | OPEC Fund |
Co-financiers | IFC |
OPEC Fund Contribution (US$m) | 15.00 |
The loan will help finance the expansion of UABL’s river barge operations. UABL is the largest owner and operator of river barges and pushboats that transport dry bulk and liquid cargoes through the Hidrovia Region of South America, a large area with growing agricultural, forest and mineral related exports. By offering a cheap and efficient alternative to overland transportation, UABL has helped to make the regional industries more competitive in world markets, thereby spurring economic growth and serving as a catalyst for creating additional employment.