Concessionária Linha Universidade S.A.

Metro Sao Paulo Line 6 Project - BNDES Direct Loan

Industry
Infrastructure/Metro/Underground
Area of finance
Project & Infrastructure Finance
Region
Latin America
Countries
Brazil

Deal Overview

Acciona and its partners in the Concessionária Linha Universidade (CLU) consortium have closed a 6.9 billion reals financing deal with the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to develop the largest public-private partnership infrastructure project under...

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Acciona and its partners in the Concessionária Linha Universidade (CLU) consortium have closed a 6.9 billion reals financing deal with the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to develop the largest public-private partnership infrastructure project under construction in Latin America, line 6 of the Sao Paulo metro (Brazil), reports Europa Press. The 15.3km project is sponsored by Acciona, Societe Generale, STOA and Transdev, and is being developed under a 24-year concession agreement with the Sao Paulo State Government. 

Credit Agricole CIB recently acted as Mandated Lead Arranger (MLA) for the completion bank guarantee in the sustainable-linked project financing. The financing was structured with the Brazilian National Development Bank (BNDES), and is partly secured by non-recourse completion bank guarantees provided by Commercial Banks covering 48% of BNDES Term Loan, which will be in place throughout the construction period. The loan is expected to be complemented by local project bonds that are currently being structured.

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Deal Volume
$ 1.31bn
Financial Close
05 August 2022
Sources
Press release, Press release, Proximo article, Submitted by participant(s), Press release

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Projects

Metro Sao Paulo Line 6

Brownfield
Metro/Underground
Latin America
Brazil
$ 3.09bn