Paul Hastings Advised Vía 40 Express and Sponsors on Novel Multi-Source Long-Term Financing for Colombian 4G Toll Road

April 26, 2023

Paul Hastings LLP advised Vía 40 Express, VINCI Highways, and Constructora Conconcreto in one of Colombia's largest financial transactions in the infrastructure sector, the long-term financing of Vía 40 Express for 2,602 billion Colombian pesos (approx. US$578 million). This multi-source financing includes a combination of COP-denominated, UVR-denominated and synthetic COP tranches provided by a diverse group of local development banks, international commercial banks and international and locally-managed infrastructure debt funds. 

The financing will go towards additional lane construction, rehabilitation, and modernization of the Bogotá-Girardot highway in Colombia, which is the country’s busiest toll road and is currently operated by Vía 40 Express under an approximately 25 year, traffic-risk concession agreement granted by the Colombian national infrastructure agency (ANI).

Partner Thomas Sines led the Paul Hastings deal team, which also included senior associate Juan Martin Estrada and associates Eduardo MorandeGaby Jassir, and Maria Eduarda Miranda, as well as Paris partner Charles Cardon and associates Vincent Nacinovic and Peter Pedrazzani, and partner Jaime Madell in respect of hedging arrangements.

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