The financing related to the Rumichaca-Pasto 4G Toll Road Project in Colombia was named "Financing Innovation of the Year" at LatinFinance's Deals of the Year Awards 2022. Leading global law firm Baker McKenzie represented Davivienda, one of the banks to help steer the 83-kilometer toll road financing worth approximately USD 906 million, in the negotiation and preparation of all supporting documents.
"We are pleased to be a part of infrastructure projects aiming to develop Colombia's economy and connectivity. Through this first-of-its kind transaction in our market, we reaffirm our commitment to innovate to provide solutions for our clients," said Alejandro Mesa, Managing Partner at Baker McKenzie Colombia.
The largest-ever 4G toll road will connect the township of Rumichaca at the Colombian border with Ecuador to the city of Pasto in southern Colombia.
The team was comprised of associates Mónica Cubillos, Nathalia Cardoso and María Camila Vargas.
Baker McKenzie is a transactional powerhouse with over 2,500 deal lawyers and expertise in over 46 countries. The firm excels in cross-border deals, with over 60 percent of deals being multijurisdictional. We are global and local, combining money market sophistication with local excellence.