Ferrere represents TCP in obtaining $443m
Ferrere, through its team in Uruguay, has represented Terminal Cuenca del Plata (TCP), the public-private joint venture specialising in containers at the port of Montevideo, in securing two loans for $443m to expand its logistics capacity.
The financing secured includes a USD 340 million loan from Credendo, the Belgian export credit agency, and a further USD 103 million from the Inter-American Development Bank (IDB Invest).
The funds will be used to build a second quay and expand the container yard to 720 metres in length, which will more than double the port’s international cargo volume, allowing TCP to expand its operations in the port of Montevideo.
TCP is a company 80% owned by the Belgian international logistics company, Katoen Natie, and 20% by the National Ports Administration (ANP). It is in charge of container operations at the port of Montevideo, the departure point for 60% of Uruguayan sales (of this type) abroad by 2023.
Ferrere’s team consisted of the Banking and Finance team, led by partners Diego Rodríguez (pictured right) and Federico Lemos (pictured left), and lawyers Cecilia Trujillo and Lucía Rosso.
