MILAN Dec 27 Italian builder and concession company Astaldi has closed a $340-million refinancing deal for the Chacayes hydroelectric concession project in Chile, it said on Thursday.
In a statement, Astaldi said the 14-year project finance loan was subscribed by a consortium of Chilean and Brazilian banks and will boost the project's return rate.
The banks that joined the operation are Brazil's Banco Itau, Banco de Credito y Inversiones and Corpbanca, it said.
Astaldi holds 27.3 percent of the concession. (Reporting By Danilo Masoni; editing by Francesca Landini)