Energy and infrastructure news and analysis service Proximo honored global law firm White & Case LLP’s Project Development and Finance Practice twice in its Deals of the Year ceremony for work performed in 2019, held virtually on May 27. The PPP (public-private partnership) deals for which White & Case was honored were:
North America PPP Deal of the Year
White & Case advised the lenders in the senior secured financing of a consolidated rental car facility at the Newark Liberty International Airport. Underpinned by a lease agreement entered into by the borrower with the Port Authority of New York and New Jersey, the project comprises the development, construction and operation of a joint-use structured parking facility at Newark Liberty International Airport, a portion of which will be used as a public parking facility and a portion of which will be used as a consolidated rental car facility.
Latin America PPP Deal of the Year
White & Case advised on the groundbreaking financing for the national routes 2 and 7 road project in Paraguay, the largest private investment in the history of Paraguay. White & Case advised Sacyr Concesiones S.L. and Ocho A S.A., as sponsors, Rutas del Este S.A., as borrower, and Rutas 2 and 7 Finance Ltd., as issuer, in the financing for the design, construction, operation and maintenance of the project. The project is Paraguay's first public-private partnership.
“The Proximo Deal of the Year awards confirm White & Case’s position as the leader in PPP work in the Americas,” said Mark Castillo-Bernaus (London), global head of the firm's Project Development and Finance Group.
The Proximo Awards methodology “combines vast combined editorial expertise, deep research and market polling,” according to Proximo.