STANDARD Chartered Bank announced the successful completion of a cross-border dual syndicated facilities for WCT Engineering Bhd worth US$27mil to be used for the construction and maintenance of the Bahrain International Formula One (F1) racing circuit.
WCT owns a 50% stake in Cybarco WCT WLL, a project company incorporated in Bahrain to undertake the construction and maintenance of the Bahrain F1 international circuit to be completed by 2004, the bank said in a statement.
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