Infrastructure/Transportation Projects

Infrastructure Law Firm of the Year in Latin America 2009
Infrastructure Investor

Infrastructure Law Firm of the Year in Asia 2009
Infrastructure Investor

Project Finance, Infrastructure and Energy International Firm of the Year 2008
China Law & Practice

RIO–SÃO PAULO HIGH SPEED RAIL (Tren de Alta Velocidad – TAV)
Infrastructure 100: A Showcase of the Most Interesting Projects From Around the WorldKPMG and Infrastructure Journal
Advised the Inter-American Development Bank (IADB) and Banco Nacional de Desenvolvimento Econômico e Social (BNDES) with respect to the structuring of a concession (and currently advising BNDES in the financing) for the proposed High Speed Train between Rio de Janeiro and São Paulo with an estimated capital cost of $19 billion. This will be Latin America’s largest ever infrastructure project.


Project Finance Deal of the Year 2009
Latin Finance
Project Finance Deal of the Year 2008 Project Finance
Top 10 Global Project Financings of 2008Dealogic
Infrastructure 100: A Showcase of the Most Interesting Projects From Around the World KPMG and Infrastructure Journal
Advised Panama Canal Authority (Autoridad del Canal de Panamá-ACP) on the $5.25 billion financing of the Panama Canal Expansion Program, which involved a complex financing structure led by five multilateral/export credit agencies, including Corporación Andina de Fomento, European Investment Bank, Inter-American Development Bank, International Finance Corporation and Japan Bank for International Cooperation. The 20-year financing will support an expansion program designed to double the Canal’s capacity to more than 600mn Panama Canal/Universal Measurement System (PC/UMS) tons and allow it to handle large post-Panamax container ships that have become the new industry standard.

Latin America Project Bond Deal of the Year 2009
Project Finance
Advised Citigroup, as arranger, in the $265 million project financing of the phase I expansion of the Lynden Pindling International Airport in Nassau, The Bahamas, and represented the investors in a private placement of senior secured notes to finance phase II of such expansion.

Asia-Pacific Transport (Port) Deal of the Year 2007
Project Finance
Advised Mizuho Corporate Bank, Calyon, Woori Bank, Shinhan Bank and BNP Paribas, as mandated lead arrangers, of a $1.4 billion equivalent multi-currency, limited recourse acquisition and working capital financing of the container terminal assets of a joint venture between Macquarie managed funds and Hanjin Shipping on the west coast of the United States and in Japan, Taiwan and South Korea.

Latin America Refinancing Deal of the Year 2007
Project Finance
Advised Morgan Stanley as initial purchaser in the $100 million refinancing which took the form of a Rule 144A offering of Panama Canal Railway Company (PCRC). The notes were used in part to refinance PCRC’s outstanding indebtedness to the International Finance Corporation (IFC) and featured a novel structure that resembled a hybrid between traditional project finance bonds and corporate high yield bonds. The deal was the first capital markets project financing in Latin America for a railway.

Best Project Finance Deal of the Year 2005LatinFinance
Latin America Deal of the Year PPP 2005 Project Finance
Advised Citigroup, BBVA Bancomer, HSBC and Banco Inbursa as joint lead arrangers in the $400 million structured financing for the development and construction of a new passenger terminal and related facilities at the Mexico City International Airport.

Asia-Pacific Transport Deal of the Year 2004 Project Finance
Top Ten Deal of the Year – Asia 2004 Project Finance International
Deal of the Year 2004 Asian Counsel
Advised CSX World Terminals LLC as operator/sponsor in connection with the $900 million expansion and simultaneous refinancing of the Pusan New Port Project, a project effected under South Korea’s Private Participation in Infrastructure (PPI) Act.

Deal of the Year 2002
Infrastructure Journal
European Rail PPP Deal of the Year 2002 Project Finance
European Project Finance Deal of the Year 2002 International Financial Law Review
Advised European Investment Bank (EIB) and separately acted as specialist counsel to Bechtel Enterprises in the €2 billion project for the rehabilitation, upgrade and maintenance of the Jubilee, Northern and Piccadilly lines forming the Tube Lines London Underground PPP.

Best Project Finance Deal of the Year 2001 Finance Asia
Philippine Loan Deal of the Year 2001 International Financial Law Review Asia
Advised International Finance Corporation, Asian Development Bank, Kreditanstalt fűr Wiederaufbau and Dresdner Bank as lenders in the $440 million project financing. This was the first international passenger terminal in Asia to be successfully project financed, and for that financing to come to the Philippines, beset by credit and political risks that year, was something of a "coup."


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