Electribus Bogotá’s Financing of 259 New Generation Electric Buses

Paul Hastings, Brigard Urrutia, Clifford Chance, Philippi Prietocarrizosa Ferrero DU & Uría and Mendoza Abogados advised on the transaction

Electribus Bogotá secured the financing for a 259 New Generation Electric Buses.

Through this loan to Electribus, Proparco is financing the first fleet of electric buses in the capital with Financiera de Desarrollo Nacional (FDN). It will replace a fleet of obsolete and highly polluting diesel buses. This project will substantially reduce air pollution and improve air quality in Bogotá. It will also have a positive impact on people’s health people in the Fontibón and Usme neighborhoods, which are among the most vulnerable neighborhoods in the city. Over 50 million passengers a year should have access to a more modern, safer and more comfortable public transport system. The project should also reduce emissions by 31,100 tons of CO2 eq per year.

Paul Hastings advised Electribus Bogotá Fontibón II S.A.S., Electribus Bogotá Usme I S.A.S., Ashmore and Somos K with  Robert (Bob) Kartheiser, Thomas Sines and Juan Martín Estrada.

In Colombia, Brigard Urrutia advised Electribus Bogotá Fontibón II S.A.S., Electribus Bogotá Usme I S.A.S., Ashmore and Somos K with César Felipe Rodríguez Parra, Juan Eduardo Gómez, Ricardo Schembri and Isabella Gaviria.

Clifford Chance advised Societé de Promotion et de Participation Pour la Coopeération Economique (Proparco) and Financiera de Desarrollo Nacional (FDN) with Fabricio Longhin (Picture), Julian Hurtado Vallejo and Pablo Fekete.

In Colombia, Philippi Prietocarrizosa Ferrero DU & Uría advised Societé de Promotion et de Participation Pour la Coopeération Economique (Proparco) and Financiera de Desarrollo Nacional (FDN) with Juan Fernando Gaviria, María Daniela Hernández, Ana María Ramírez, Angie Gómez M., Juan Camilo Arbeláez and Nicolás Giraldo.

Mendoza Abogados advised Financiera de Desarrollo Nacional (FDN) with Mateo Mendoza, Clara Robledo-Sánchez, Mariana Gutiérrez Ruiz, Luis Armando Tolosa and  María Esther Eljach.

Involved fees earner: Juan Camilo Arbeláez – Brigard & Urrutia; Juan Eduardo Gómez – Brigard & Urrutia; Cesar Felipe Rodríguez – Brigard & Urrutia; Ricardo Schembri Peña – Brigard & Urrutia; Pablo Fekete – Clifford Chance; Julian Hurtado Vallejo – Clifford Chance; Fabricio Longhin – Clifford Chance; María Esther Eljach – Mendoza Abogados; Mariana Gutiérrez – Mendoza Abogados; Mateo Mendoza – Mendoza Abogados; Luis Armando Tolosa – Mendoza Abogados; Juan Martín Estrada – Paul Hastings; Robert Kartheiser – Paul Hastings; Thomas Sines – Paul Hastings; Juan Fernando Gaviria – Philippi Prietocarrizosa Ferrero DU & Uría; Angie Gómez – Philippi Prietocarrizosa Ferrero DU & Uría; María Daniela Hernández – Philippi Prietocarrizosa Ferrero DU & Uría; Ana María Ramírez – Philippi Prietocarrizosa Ferrero DU & Uría; Clara Robledo-Sánchez – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Brigard & Urrutia; Clifford Chance; Mendoza Abogados; Paul Hastings; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Ashmore Investment Management Limited; Electribus Bogotá; Financiera de Desarrollo Nacional (FDN); Société de Promotion et de Participation pour la Coopération Economique; Somos K;

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Martina Bellini

Author: Martina Bellini