JD advises Sacyr on €474m Colombian highway financing
Jones Day has advised Sacyr Concesiones, on securing a €474 million financing package to build a highway in Colombia
Sacyr Concesiones, a Madrid-based world-leading company in the development of infrastructures has secured, via the Unión Vial Río Pamplonita concession, the financing of the concession for the Pamplona-Cúcuta divided highway in Colombia for $520 million (€474 million) with eight international and one national financial bodies: JPMorgan Chase Bank, FDN (Financiera de Desarrollo Nacional), Deutsche Bank AG, ICBC (Industrial and Commercial Bank of China), Bank of China, ICO (Instituto de Crédito Oficial de España), MetLife, MUFG Bank and Société Générale.
The financing package will be used to finance the design, construction and commissioning of the Cúcuta – Pamplona motorway, which is part of Colombia’s fourth-generation (4G) highway.
Jones Day´s team was formed by Miami office partner Richard Puttré, Madrid office of counsel Fernando Lillo (pictured) and Miami office associate Elba Bermúdez.