Buquebus completes blue financing operation

07/26/2024 Since 4 months

Buquebus, a fluvial and road passenger transportation company linking Uruguay and Argentina, has completed a 170-million dollars blue financing transaction to finance the first worldwide electric passenger ferry and two electric charging stations in the ports (Colonia Sacramento and Puerto Madero) where the company operates.

The bank Santander Uruguay has played the role of structurer and financier, while the International Finance Corporation (IFC, member of the World Bank Group) has acted as guarantor of the blue operation.

It is estimated that the new electric ferry, to be built by the Australian shipyard Incat Tasmania, will reduce by 84% the emissions associated with maritime passenger transportation between Uruguay and Argentina, since its start-up date expected by the end of year 2025.

https://www.ambito.com/uruguay/buquebus-cerro-una-operacion-azul-us-170m-el-primer-ferry-electrico-pasajeros-del-mundo-n6038928

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