IDB Invest announced a financing package for the Central Railway Line sustainable infrastructure project in Uruguay for an amount of 250 million dollars. The financing is structured as a B-bond (allowing IDB Invest to crowd-in institutional investors), being the largest of its type by IDB Invest to date.

The objective is to finance the existing debt of the project, improving the general financing terms and conditions. The rail project seeks to improve the connectivity and integration of Uruguay’s interior regions with its capital, Montevideo.

The deal is expected to contribute to four of the United Nations Sustainable Development Goals (SDG): Decent Work and Economic Growth (SDG 8), Industry, Innovation, and Infrastructure (SDG 9), Responsible Production and Consumption (SDG 12) and Partnership for the Goals (SDG 17).