Jiménez de Aréchaga advised Fideicomiso Financiero Fondo de Deuda para Infraestructura en Uruguay CAF1 on the transaction
Fideicomiso Financiero Fondo de Deuda para Infraestructura en Uruguay CAF1 executed the sale of 9% of the $85.5 million Financing to Rutas del Litoral consortium to CAF.
Consorcio PPP Rutas del Litoral is a joint venture including Spanish firms Sacyr Concesiones (43%) and Sacyr Construcción (8%), and Uruguayan company Grinor (49%). The consortium won the first public-private partnership contract of its kind in Uruguay to design, build, upgrade, finance and operate for a 24-year period a 179km-long highway corridor between the cities of Nueva Palmira and Mercedes, in Colonia and Soriano departments, respectively.
Jiménez de Aréchaga advised the consortium with a team including Nicolas Herrea.
Involved fees earner: Nicolás Herrera Alonso – Jiménez de Aréchaga, Viana & Brause;
Law Firms: Jiménez de Aréchaga, Viana & Brause;