According to the bank document, Aqua Expeditions Pty. Ltd. (‘Aqua’ or the ‘company’) operates two cruise boats providing soft-adventure experiences with one vessel based on the Mekong River and traversing sections of the river in both Cambodia and Vietnam, and the other on the Amazon River in Peru with its headquarters in Singapore.
Aqua is currently finalizing the design of another boat to be operated in Peru with the capacity of 40 passengers and construction is expected to be completed by mid-2020. The company is currently exploring opportunities to expand operations further and IFC is considering a $10 million loan to support additional capacity for coastal cruises in Indonesia. For purposes of vessel construction, the company only works with established shipyards while for ongoing maintenance they are reliant on contractors where the vessels are located.
The total Project Cost of the Indonesia expansion is US$12.5 million. The proposed transaction is an A Loan of up to US$10 million.
The Company was founded by Francesco Lorenzo Galli Zugaro (CEO) and Fred Brown. The company is owned by Mr. Galli Zugaro, his father in law, Fred Brown and Bison Capital, a US-based investor.
Name: Michele Brambilla
Tel: +65 6270 4002
Address: 10 Jalan Kilang, 06-04/05, Sime Darby Enterprise Centre, Singapore, Singapore 159410
2/ IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
3/ Local Access for Project Documentation
The SII will be disclosed locally at the following address:
10 Jalan Kilang, 06-04/05, Sime Darby Enterprise Centre, Singapore, Singapore 159410
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