KEXIM OKs Financing Package for New Port in Cebu

Carlos Dominguez III, Image source: Department of Finance

The Export-Import Bank of Korea, also known as the Korea Eximbank (KEXIM), has approved a financing package for the proposed New Cebu International Container Port in Consolacion, Cebu, according to the Philippine News Agency’s (PNA) latest announcement. 

Finance Secretary, Carlos Dominguez III, said that selection of this project for financing by South Korea’s export credit agency was based on its internal rate of return, among others.

The port project, to be located in the village of Tayud in Consolacion, will be constructed in a 25-hectare reclaimed area.

This capital port development scheme has a projected cost of around $182 million, $157 million of which is up for official development assistance (ODA) funding, while share of the Philippine government was set at approximately $25 million, PNA said.

Share this article

Follow Dredging Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

read more >

Jobs>

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply