Financing for Crude Oil Transportation and Export Infrastructure Project in United States
United States, May 1 -- The Japan Bank for International Cooperation (JBIC) signed on April 17 a loan agreement amounting to approximately USD104 million with Japan Invest 2 LLC (JI2), a U.S. company established with equity investment from JBIC. The loan is co-financed with private financial institutions, bringing the total co-financing amount to approximately USD313 million. Nippon Export and Investment Insurance (NEXI) will provide the insurance for the loan by the private financial institutions. The loan is intended to provide the funds necessary for JI2 to invest in a crude oil transportation and export infrastructure project for industrial use. This project constitutes one of the first batch of projects under the Strategic Investment I...
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