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Ingenio Montelimar sugar mill expansion project, Nicaragua

5th April 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Ingenio Montelimar sugar mill expansion project, San Rafael del Sur, Nicaragua.

Client
Consorcio Naviero Nicarguense.

Project Description
The project involves the capacity expansion of the Ingenio Montelimar sugar mill from 33 000 t/y to 67 000 t/y, which will include the acquisition of an additional 1 628 ha for cane cultivation, improving agricultural infrastructure and drip irrigation, as well as the purchase and deployment of green cane harvesters and transport equipment.

Value
The project is estimated at $38-million.

Duration
Not stated.

Latest Developments
The International Finance Corporation (IFC) proposes to finance a loan valued at $15-million.

Key Contracts and Suppliers
IFC (loan finance).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Ingenio Montelimar, tel +505 2269 6136 or fax +505 2269 6546.
IFC, tel +1 202 473 3800 or fax +1 202 974 4384.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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