Rumichaca-Pasto Toll Road Project’s Financing

Milbank LLP represented the lenders, including the Overseas Private Investment Corporation, in connection with the financing for the Rumichaca-Pasto 4G Toll Road Project in Colombia, arranged by JP Morgan and Santander.

The project is being developed by Concesionaria Vial Union del Sur S.A.S., as the project company, and Sacyr Concesiones Colombia S.A.S. and Herdoiza Crespo Construcciones Colombia S.A.S., as sponsors.

The 83 kilometer toll road stretches from the city of Pasto in southern Colombia to Ipiales in western Colombia on the border of Ecuador. Colombia’s National Infrastructure Agency (ANI) is developing the highway under the second wave of its USD25 billion fourth generation of highway program (4G).

The Milbank deal team was led by Global Project, Energy & Infrastructure Finance partner Carolina Walther-Meade (Picture), along with Dan Bartfeld, head of Milbank’s Project, Energy and Infrastructure Finance Group and co-head of the firm’s Latin America group, along with associates Rebecca Francus and Anya Andreeva.

Involved fees earner: Anya Andreeva – Milbank; Dan Bartfeld – Milbank; Rebecca Francus – Milbank; Carolina Walther-Meade – Milbank;

Law Firms: Milbank;

Clients: JP Morgan; Overseas Private Investment Corporation; Santander;

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Author: Ambrogio Visconti