PROINVERSIÓN approves financing for Salaverry Terminal Internacional for multipurpose port

Cuatrecasas has recently advised the Private Investment Promotion Agency of Peru (PROINVERSIÓN) on the approval of IDB Invest’s financing for Salaverry Terminal Internacional S.A. to continue developing the public-private partnership (PPP) for the Salaverry Multipurpose Port Terminal. The process will enable an ambitious infrastructure project to be built that will contribute to the country’s development.

This financing, granted for 20 years, marks the longest term on record for PPP projects financed by institutional investors in Peru.

Aldo Reggiardo, partner of the Cuatrecasas office in Lima, stated, “We are very pleased to have had the opportunity to advise PROINVERSIÓN again in the review of the documents supporting a new secured debt permitted under the concession agreement ‘Modernization and Development of the Salaverry Multipurpose Port Terminal.’ This transaction is extremely important for infrastructure works in Peru to continue to develop efficiently and normally, and for the benefit of the country.”

The Cuatrecasas team from the Lima office that participated in the transaction was led by partners Aldo Reggiardo and Kiomi Osorio, who worked together with associate Alejandro Zorrilla de la Cuba.