GT Law represents Banobras in credit increase for Tren Maya
Greenberg Traurig, through its Mexico City office, has represented Banobras (Banco Nacional de Obras y Servicios Públicos) in raising a loan to Empresas ICA in the amount of $8 billion Mexican pesos.
The loan proceeds will be used for the development of section 4 of the Tren Maya project (Mayan Train) for the Federal Government of Mexico, which will be invested in materials, track preparation and the construction of the platforms and train tracks for the Izamal-Cancun section.
The Tren Maya, currently under construction, is a 1,525-kilometre intercity railway in Mexico that will run through the tourist area of the Yucatan Peninsula. The railway starts in Palenque, Chiapas, and travels northeast towards Cancun, Quintana Roo, via two routes around the peninsula.
GT Law’s team was led by shareholder Rodrigo Orozco Waters (pictured left) and associate Edgar Fernando Orozco Ceballos (pictured right).
