Port operator DP World is sounding out banks for a loan backing the construction of the London Gateway, a project combining a deep sea container port with a logistics park on the Thames east of London, bankers said on Tuesday.
Initial talks are based on debt of approximately 1 billion pounds ($1.6 billion), split roughly into a 500 million syndicated loan with the rest to be covered by multilateral facilities, two bankers said.
Discussions are however at a very early stage, both sources added, noting most banks have not submitted proposals to credit committees and the structure is therefore subject to changes.
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