Lenders' Technical Advisor (LTA) for Meghna Group of Industries (MGI) PVC/PET - Phase 2
Bangladesh
2021-2024 | Others
Meghna Group of Industries (MGI) is developing a project, with an annual capacity of 150,000 t of polyvinyl chloride (PVC) resin and 100,000 t of polyethylene terephthalate (PET) resin. ING Bank, a branch of ING-DiBa AG (Germany), has assigned SOFRECO as Lenders’ Technical Advisor (LTA) to the MGI Project. The LTA acts for the group of long-term lenders and has to periodically conduct a review and evaluation of the project construction and operation in terms of the actual progress of works against the specifications and contractual requirements, including any factors that have or could reasonably be expected to have a material adverse effect on the project.