Product: Construction Loan
Total project cost: USD 200MM
Impact: 40 Million Gallons of potable water to residents and businesses in south Trinidad.
Financial clousure: 2004
CIFI participated in a refinanced Bridge Construction Facility, financed by Republic Bank Limited of Trinidad and Republic Finance & Merchant Bank Limited of Trinidad. The total transaction was US$ 112.2 million.
The Desalination Company of Trinidad and Tobago (DESALCOTT) is a single purpose entity originally formed in 1999 to sell desalinated sea water to the Water and Sewerage Authority (WASA) on a build own operate basis. Desalcott has the total responsibility to design, build, finance and operate the US$200 MM desalination plant. The construction of the plant was completed in May 2004.