$4.1 billion Sinosure backed financing for the construction of the 2.1GW Caculo Cabaça hydropower project in the Middle Kwanza basin.

Norton Rose Fulbright advised Ministry of Finance of the Republic of Angola on the transaction

Upon completion, the project is expected to more than double the existing total installed hydropower capacity of Angola.

The cross border team has also advised the Ministry of Finance of the Republic of Angola on the US$760 million financing for the construction of the new Port of Caio in Carbinda which is the biggest investment to be made in Carbinda to date. The construction of the Port of Caio is an integral part of a new national infrastructure program of the Angolan Government and is in line with plans of the Angolan Government to reconstruct and improve the infrastructure of the Carbinda area. The Port of Caio will have a 675 meter terminal for large ships, 31 hectares of land area developed and include a breakwater to protect against winds and waves. Once completed, Port of Caio will double the existing capacity to 50,000 containers per year and will serve as the most important gateway to regional and international trade for Carbinda and Angola.

Norton Rose Fulbright has also advised the Ministry on the US$150 million financing for the construction of the Luanda new international airport railway station and railway lines from the Baia railway station to the Luanda new international airport railway station connecting the new airport with the Luanda city 40 kilometers away. The railway station will complete and form part of the US$3.8 billion new international airport. The new international airport railway station and railway lines will be important assets for the Angolan Government as they make the new international airport much more accessible by linking it with the rest of the traffic-heavy Luanda area.

The Norton Rose Fulbright multi-jurisdictional team advising the Ministry was led by Beijing partner, Paul Wee Ei Don (Picture), and London partner, Madhavi Gosavi. Further assistance was provided by Beijing based associate Alex Cheung and London based associates Alexandra Jefferies and Jessica Melville.

 

Involved fees earner: Paul Wee – Norton Rose Fulbright; Madhavi Gosavi – Norton Rose Fulbright; Alex Cheung – Norton Rose Fulbright; Alexandra Jeffreys – Norton Rose Fulbright; Jessica Melville – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Republic of Angola;