Cuatrecasas advises on Peru’s Puerto Salaverry financing
Cuatrecasas in Peru has advised Proinversión, the country’s private pro-investment agency, on the first closing of financing for a public-private partnership to expand the port of Salaverry.
The first syndicated loan for the project totals $132 million and had an eight-year duration.
The port’s expansion began in 2018 with dredging works to help lower water turbulence in the port’s interior, allow access for vessels with a keel depth of 12m, and improve the security of ships during their arrival and departure.
Between 2009 and 2017, Salaverry port handled an annual average of 2.13m tonnes, a volume seen increasing as a result of the port’s expansion.
Cuatrecasas’ team in Lima advising ProInversión was led by partner Aldo Reggiardo (pictured), with associates Kiomi Osorio and Gabriel Cárdenas han liderado la operación.
