M. & M. Bomchil, Linklaters and Clifford Chance advised on the trasnsaction
The Evaluation Commission of National Roads in Argentina has signed a resolution to award six PPP projects which altogether require around US$8 billion investment. The projects involve the design, construction, expansion, improvement, repair, remodeling, operation, maintenance and commercial exploitation of roads located throughout the country, grouped into six corridors.
A consortium inclucind Helport S.A., Panedile Argentina S.A.I.C.F., S.A. de Obras y Servicios COPASA and Eleprint S.A. has been awarded for the Buenos Aires – Córdoba – Rosario – Santa Fe road System.
The tender for the road corridors was launched in February this year. Ten bids were received, with nine Argentinian companies and seven international firms represented. Although many teams bid for more, each proponent could only be awarded a maximum of two corridors.
The road sections that comprise the six corridors have a total length of over 3,300km and are located in the provinces of Buenos Aires, Córdoba, La Pampa, Mendoza and Santa Fe. The US$8 billion investment encompasses US$6 billion during the first four years of the concession contracts and more than US$2 billion over the subsequent six to fifteen years in complementary works and maintenance. Construction works are set to begin in October this year.
M. & M. Bomchil advised Helport S.A., Panedile Argentina S.A.I.C.F., S.A. de Obras y Servicios COPASA and Eleprint S.A. with Tomás M. Araya (Picture), Francisco Gutiérrez, Federico Campolieti, Victoria Funes, Pedro de Elizalde, Laura Zinnerman, María Elisa Simunovich, Ximena Daract Laspiur, Mariana Viola and Mercedes Bossi.
Linklaters advised Helport S.A., Panedile Argentina S.A.I.C.F., S.A. de Obras y Servicios COPASA and Eleprint S.A. with Conrado Tenaglia, Matthew S. Poulter, Eamon Nolan, Mimi Powell and Agustín Bauer.
Clifford Chance advised UBS and Bank of America Merrill Lynch – financing the consortium – with a team includign Gianluca Bacchiocchi, Hugo Triaca, Guido Liniado, Mariana Estévez and Nicolás Rodríguez Gaziglia.
Involved fees earner: Tomás Araya – M. & M. Bomchil; María Victoria Funes – M. & M. Bomchil; Pedro De Elizalde – M. & M. Bomchil; Laura Zinnerman – M. & M. Bomchil; María Elisa Simunovich – M. & M. Bomchil; Francisco Gutiérrez – M. & M. Bomchil; Federico Campolieti – M. & M. Bomchil; Ximena Daract Laspiur – M. & M. Bomchil; Conrado Tenaglia – Linklaters; Matthew Poulter – Linklaters; Eamon Nolan – Linklaters; Gianluca Bacchiocchi – Clifford Chance; Hugo Triaca – Clifford Chance; Guido Liniado – Clifford Chance; Mariana Estévez – Clifford Chance; Nicolas Rodriguez Gaziglia – Clifford Chance;