Acciona has closed €982 million “green” funding to build, operate and maintain a 48-kilometre flood protection canal between North Dakota and Minnesota in the United States for a period of 29 years.

This is the first closed “green” financing project in this country specifically aimed at climate change adaptation infrastructure, which achieved a “Baa3” risk rating, within investment grade, by Moody’s, according to the Spanish company’s media in a statement.

Acciona and its partners Shikun & Binui and North American Construction Group – participants in the RRVA – have illustrated this process in three different segments involving Citigroup, Morgan Stanley, CaixaBank, Sumitomo Mitsui Banking Corporation and the Korea Development Bank.