ICTSI Australia has landed a financing facility from a consortium of six international banks to support ongoing development of the Victoria International Container Terminal (VICT).
The terminal operator has secured a loan of AUD 398m ($304.6m) from KfW IPEX-Bank, Citibank, Standard Chartered, Bank of China, DBS, Investec and Cathay United.
Manuel Pascua, corporate finance director at ICTSI, said: “The VICT deal has pushed the project finance envelope in Australia on a number of aspects, and this has made the process quite challenging.
“Thanks
