Ravenna Civitas Cruise Port S.r.l. secured a €35 million project financing from Kommunalkredit Austria AG to construct a new cruise terminal in Ravenna, marking a significant milestone in Italy's cruise industry.
Information on the Target
The Ravenna Civitas Cruise Port S.r.l. (RCCP) is an Italian entity aimed at enhancing cruise operations within the Port of Ravenna. With an investment agreement totaling €35 million, RCCP has secured financing to construct a new cruise terminal, marking a significant development in the region’s maritime infrastructure.
RCCP is a joint venture between iCON Infrastructure and the Royal Caribbean Group, operating under the Cruise Terminals International (CTI) brand. This initiative signifies CTI's first foray into project financing for building cruise terminal facilities, demonstrating its commitment to expanding cruise-related infrastructure in Italy.
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Industry Overview in Italy
The cruise industry in Italy has historically been robust, buoyed by the nation's rich maritime heritage and strategic location in the Mediterranean. With ports such as Venice, Naples, a
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Disclosed details
Transaction Size: $39M