Ferrere counsels CAF on $30m loan to Circuito 2
Ferrere, through its team in Uruguay, has counselled CAF -development bank of Latin America and the Caribbean- and the CAF-AM Fund to provide a new USD $30 million loan for the ‘Circuito 2’ road infrastructure project in Rocha, Uruguay.
The provision of these funds will allow Grupo Vial Oriental Dos, controlled by the construction companies Traxpalco and Hernández & González, to continue working on the improvement of the pavement of roads N°9 and N°15 and the addition of complementary works in the town of 19 de abril and the Bus Terminal in the city of Chuy.
The construction will be carried out at a vital access point to Brazil, one of Uruguay’s main trading partners, and will facilitate the arrival of exports by land.
This initiative, tendered in 2021, is a Public-Private Partnership (PPP) project between Grupo Vial and the Uruguayan Ministry of Transport and Public Works (MTOP).
The consultancy involved negotiating amendments to PPP contracts, construction and financing documents already in place.
Ferrere’s team was led by partner Sebastian Ramos Olano (pictured) with assistance from professionals Laura Oliveros, Lucía Rosso and Lucía Olloniego Rocca.
