International Finance Corporation (IFC), the World Bank’s private-sector investment arm, plans to arrange a loan worth $103 million (Rs 710.7 crore at current exchange rate) for Visakha Container Terminal Pvt. Ltd.
IFC said in a disclosure that it is considering a $103 million package for Visakha: $46 million from its own resources and $57 million from elsewhere.
Visakha has been awarded a 30-year concession by Visakhapatnam Port Trust to develop, operate and maintain a 395-metre extension of an...