Baker McKenzie's transactional practice was recognized by Latin Lawyer for the 2019 Project Finance (Infrastructure) Deal of the Year. Latin Lawyer selected winning deals for its 14th annual Deal of the Year Awards based on "truly novel legal work at a level of complexity that broke new parameters."
Baker McKenzie's transaction on the PPP financing of a railway project in Uruguay earned recognition for its "impact and significance."
The firm advised consortium Grupo Vía Central S.A. on the financing for the construction of the Uruguay Central Railway project. The project, with a value of USD 1.07 billion, is the largest private investment made in Uruguay and will be the country's largest infrastructure project.
The transaction is part of a Public-Private Partnership between the Ministry of Transportation, Public Works of Uruguay and Grupo Vía Central. The project consists of the design, construction, financing, rehabilitation and maintenance of a 273 km double-tracked railway between Montevideo and Paso de los Toros in central Uruguay and is under an 18-year PPP contract.
The Baker McKenzie cross-border team advising the borrower and the sponsors was led by partner Margarita Oliva (New York) and associate Cristóbal Larrain (Santiago) and included former partner Rafael Berckholtz (Lima) and associates Michelle Pfeffer (Mexico City), Carlos Suárez (Toronto) and Uldarico Ossio (Lima).
About Baker McKenzie's Latin America Project Finance Capabilities
With more than 850 lawyers across our Latin America operations, we have offices in every major jurisdiction in the region. Baker McKenzie is the dominant global law firm in Latin America and one of the world's most active project finance law firms. Working closely with colleagues across practice groups and offices, the attorneys help clients capitalize on business, trade and investment opportunities in the region and execute their global growth strategies. We advise sponsors, developers, financial institutions, investment funds, governments and governmental agencies on projects development and their financing across a wide range of industry sectors, including oil and gas, power, renewable energy, transport, water and social infrastructure on a full array of development and financing structures.