Chile’s state-owned administrator of region V’s San Antonio port, EPSA, is negotiating with insurers over payments that will finance the port’s reconstruction plan, an EPSA official told BNamericas.
An estimated US$60mn is required to fully rehabilitate the port following the damage left by the earthquake that hit central southern Chile in February, local paper El Mercurio [...]
The much-delayed Inner Harbor Navigation Canal lock replacement project, which received no financing in the 2010 federal budget, would also be denied money in 2011 if President Barack Obama’s proposal is adopted by Congress.
Neighborhood opponents of the project, who say hurricane protection, coastal restoration and continued redevelopment after Hurricane Katrina should be the priority for [...]
President Barack Obama’s proposed fiscal year 2011 budget includes the first $35.6 million for the Army Corps of Engineers to construct larger coastal Louisiana restoration projects, but falls far short of the money allocated to similar major environmental restoration projects elsewhere in the country.
For instance, the new budget would give the Environmental Protection Agency $300 [...]
The European Commission adopted on December 18 the decisions for the financing of three major projects submitted under Priority Axis 2 – “Modernization and development of national transport infrastructure outside the TEN-T priority axes with a view to creating a national sustainable transport system,” a release of the Ministry of Transport and Infrastructure informs on [...]
The European Commission decided today not to raise any objections to the public financing for infrastructure elements in the Latvian port of Ventspils. However, the Commission raised doubts as to whether the concession fee to be paid by the operators of a new terminal and two berths does not involve State aid.
The Commission thus decided [...]
Papendrecht, 15 December 2009 – Royal Boskalis Westminster N.V. (Boskalis) wishes to announce that the financing of the intended public offer of € 60 per share (cum dividend) for Smit Internationale N.V. (Smit) is in place.
Peter Berdowski, CEO: “I am extremely pleased that we have been able to secure the sizable financing package with a [...]
IDB approved $20 million in supplemental financing for the project
The Inter-American Development Bank approved a $20 million loan to help Uruguay advance on its plan to upgrade its main port in Montevideo, a project that will expand the port and boost its efficiency, contributing for a reduction in maritime and river transportation costs.
The supplemental IDB [...]
