Rising global borrowing costs have delayed the construction of a USD 3 bln mill central to a vast wood-pulp project in Paraguay. The project, backed by a consortium of local and European investors, is valued at roughly USD 4 bln, with the mill projected to open by 2027. Paracel, the country’s leading fuel distributor, has engaged Goldman Sachs to arrange about USD 1.9 bln in export credit agency loans, USD 1 bln in development bank loans, and USD 650 mln from a bond or syndicated loan.