IJ Global awards Ferrocarril Central project

IJ Global, project finance and infrastructure journal, awarded Ferrocarril Central as the most outstanding transaction in Latin America in rail industry (2019).

Ferrocarril Central project supposes the construction and maintenance of the railway that goes between the Port of Montevideo and the city of Paso de los Toros (273 km of railway) and that will allow the transport of the pulp produced at the UPM Industrial Plant, currently under construction.

The project will be financed with equity contributions of the sponsors (Sacyr, NGE, Saceem and Berkes) and through a credit of USD 870 MM granted by the multilateral organizations IDB and CAF, CAF-AM and the international commercial banks Intesa San Paolo (Italy) and Sumitomo Banking Corporation (Japan).

We congratulate Grupo Vía Central, composed by Sacyr, NGE, Saceem and Berkes, as well as the teams of each of the companies, the lenders and advisors of all the involved parties.

Scelza & Montano assisted Berkes, as a member of the consortium, in all stages of the transaction. In addition, the firm advises the so-called Consorcio Constructor Ferrocarril Central, during the construction phase.