The Japan Bank for International Co-operation, the state-owned overseas lender, has said it will sign a syndicated loan for the expansion of the Panama Canal that will help Japan boost trade with the Americas.
Bloomberg News reports that JBIC, as the state bank is known, will offer US$400 million, and Mitsubishi UFJ Financial Group Inc and Sumitomo Mitsui Financial Group Inc will provide another US$400 million. The loan contract will be signed by year end.
The Panama Canal Auth... Read More
