France, IDB Inject $327M Into Ecuador Transportation Systems

Law360, New York (December 5, 2012, 5:21 PM EST) -- In two separate deals that will kick-start new public transportation systems in Ecuador, the Inter-American Development Bank and the government of France have offered a cumulative $327 million in loans for proposed rail and streetcar projects, according to Wednesday statements.

The IDB has approved $200 million in a construction loan for a metro system in the city of Quito, which is expected to save the government $68 million in service operating costs over the long term and also help ease traffic issues in the area. Meanwhile,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.