The Northern Marianas government has been offered up to 500 million US dollars for infrastructure projects by a Japanese company.
Takuyo Industries K.K. said in April that it is willing to provide long-term infrastructure financing from 300 million to 500 million US dollars.
According to the Saipan Tribune, Takuyo president Satoshi Yoshioka said the financing terms would be highly competitive and flexible.
The first is a loan of up 300 million payable for 10 years at an interest rate of 6 percent and requires a guarantee by the CNMI government.
The other option is a loan for up to 500 million payable over 10 years at 4 percent rate with a guarantee by the US government.
The third option will see some funds guaranteed by the CNMI government and others by the US government.
There will be a 10 percent commission for all three options.