Debt

Debt Financing

Cargo terminal operator KICT to raise $30-M from IFC

IFC Disclosure  

Kandla International Cargo Terminal Pvt Ltd (KICT) is to raise USD 30 million in debt from IFC for brownfield expansion of its Deendayal Port Trust (erstwhile Kandla Port Trust) project. It will use the funds to augment the existing capacity of berths 11 and 12 from the current 0.6 million TEUs per annum to 0.75 million TEUs through the addition of more equipment, and development of the existing yard.