 |
Panama real estate investment, second home, legal and financial services. Toll Free: 1-888-CPANAM-1 (USA, Canada) Panama: (507) 223-6197 Venezuela: (58) 212-905-8404 Russia: (7) 495-544-1695 |
 |
Japan Banks to Help Fund Panama Canal Expansion, Yomiuri Says
Bloomberg.com October 26, 2008
Mitsubishi UFJ Financial Group Inc., Japan's biggest bank, and Sumitomo Mitsui Financial Group Inc. will provide a $400 million syndicated loan to help double the capacity of the Panama Canal, the Yomiuri newspaper said.
Japan Bank for International Cooperation, the government's main overseas lender, will also lend $400 million for the project to widen the canal that connects the Atlantic and Pacific oceans, the newspaper reported without citing anyone.
None of the banks were available for comment.
Japan is the third-largest user of the canal after the U.S. and China, with total shipments of 29.2 million tons transiting the waterway in fiscal 2007, according to the Web site of the Panama Canal Authority.
Mitsubishi UFJ Financial Group Inc., Japan's biggest bank, and Sumitomo Mitsui Financial Group Inc. will provide a $400 million syndicated loan to help double the capacity of the Panama Canal, the Yomiuri newspaper said.
Japan Bank for International Cooperation, the government's main overseas lender, will also lend $400 million for the project to widen the canal that connects the Atlantic and Pacific oceans, the newspaper reported without citing anyone.
None of the banks were available for comment.
Japan is the third-largest user of the canal after the U.S. and China, with total shipments of 29.2 million tons transiting the waterway in fiscal 2007, according to the Web site of the Panama Canal Authority.
| Panama Real Estate | Panama Condos | Panama Property | Panama Resorts | Panama Locations |
| Copyright 2005-2010 Cpanama Real Estate Corp. | Panama real estate for sale, real estate investment and related services | Sitemap | Broker Login |
|
|