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News May 28, 2014

Shearman & Sterling Advises US Department of Transportation on a TIFIA Loan to Replace the Gerald Desmond Bridge

Shearman & Sterling advised the US Department of Transportation in connection with a $325 million Transportation Infrastructure Finance and Innovation Act loan for the Gerald Desmond Bridge replacement.

When completed, this bridge, located in Southern California, will help reduce congestion by offering travelers six lanes and it will have a higher vertical clearance which will accommodate the newest cargo ships.

The Shearman & Sterling team included partner Patricia G. Hammes (New York-Project Development & Finance) and associates Renae Bothe (New York-Project Development & Finance) and Emeka Chinwuba (New York-Project Development & Finance).