IFLR1000

Longitudinal de la Sierra Tramo 2 Toll Road

1/5/2015
Project development, Project finance
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$ 200 million

Completed

1/5/2015

Overview:

  • Convial, the concessionaire of the Longitudinal de la Sierra Tramo 2 Toll Road, received a $200 million senior secured loan from Banco Santander to finance the road.
  • The road should connect Cajamarca and La Libertad.
  • COFIDE, Peru's development bank, is backing the project.
  • Constructora Málaga Hnos acted as sponsor and EPC Contractor.
  • Clifford Chance (Gianluca Bacchiocchi) and Hernández & Cía (Alfredo Filomeno) advised the lender.
  • White & Case (Carlos Viana, Fernando de la Hoz) and Garrigues (Oscar Arrús) advised the borrower.
  • De Bracamonte Haaker & Castelares Abogados advised Constructora Málaga Hno.

Rani Mehta - Journalist - Latin America

Jurisdiction:

Peru

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

New York
Peru

Industry sector:

Transport

Firms:
Clifford Chance

Party: COFIDE - Corporación Financiera de Desarrollo (Lender)

De Bracamonte Haaker Castellares Abogados

Party: Constructora Málaga Hnos (Sponsor)

Garrigues

Party: Convial (Project developer)

Lawyer: Oscar Arrús

Hernández & Cía

Party: COFIDE - Corporación Financiera de Desarrollo (Lender)

Lawyer: Alfredo Filomeno

White & Case

Party: Convial (Project developer)

Lawyer: Carlos Viana

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