Martin Menski

Partner, Washington, DC


Band One Practitioner: Projects: Agency Financing - USA - Nationwide Chambers USA 2023

“Regularly sought out for his expert representation of agency lenders in project financings across the energy and infrastructure sectors. He has particular strength in African and Latin American markets.”
Chambers USA 2023


Martin is a Partner in the Energy, Infrastructure, Project and Asset Finance Practice based in the Washington, DC office and leads the firm's agency practice for the Americas.

Martin has advised on the development and financing of several market-leading, award-winning projects, covering the power, mining, LNG, oil & gas and infrastructure sectors in emerging markets in Latin America, Africa, Indo-Pacific, Eastern Europe, Central Asia and the United States.

Martin has extensive experience in advising multilaterals, development banks, export credit agencies and international commercial banks, as well as sponsors, developers, funds, governments, on both project and financing documents. He has developed financing solutions for multilateral institutional clients such as the "B-Bond" of IDB Invest (formerly the Inter-American Development Bank), a product that enables the mobilization of funding from bond investors under IDB's protective umbrella for projects in the Latin American and Caribbean markets, local currency financing solutions involving agency cover, and innovative offtake structures for commodity-based industries looking to raise project finance debt.

Bars and Courts
District of Columbia
New York
England and Wales
Master of Laws
Georgetown University Law Center
King's College London
School of Oriental and African Studies
University of London


Representative experience includes advising:

Infrastructure, Transportation and Logistics

São Paulo Metro Line 6 project
Representation of the senior lenders comprising, BNDES, CAF and the commercial banks with the non-recourse senior secured financing for the US$3 billion São Paulo Metro Line 6 project in Brazil, the largest PPP project currently under construction in Latin America. The financing involves a 20-year limited recourse BNDES facility that is supported during the construction period by non-recourse bank guarantees totaling more than US$627 million. This transaction was awarded "Americas Transport Deal of the Year" by PFI Awards, "Latin America Transport Deal of the Year" by IJGlobal, "PPP Deal of the Year" by Proximo Awards and "Deal of the Year" by IFLR Americas Awards.

ONEX Shipyards
Representation of DFC in connection with a proposed loan of up to US$125 million for the rehabilitation of Greek shipyards. The project's servicing of LNG ships makes it a prominent initiative under the European Energy Security and Diversification Act of 2019. Upon completion, Elefsina is expected to become Greece's busiest and most efficient shipyards, with capacity to repair and upgrade up to 200 ships per annum.

Kazakhstan Railways
Representation of the lenders, in connection with two separate term loan facilities totaling approximately US$1 billion to National Company Kazakhstan Temir Zholy JSC covered by the Multilateral Investment Guarantee Agency (MIGA) under its Non-Honoring of Financial Obligations of Sovereign Owned Enterprises Guarantee and US-EXIM.

Paraguay pulp mill
Representation of the development finance institutions, multilaterals and ECAs on a US$3 billion project financing for an integrated pulp mill project in Paraguay.

Seychelles – 2 Africa cable
Representation of International Finance Corporation (IFC) on financing the development, construction and operation of a submarine fiber optic cable connecting the island of the Seychelles to the 2 Africa cable system on the Eastern cost of Africa.

PSN VI Satellite
Representation of Export Development Canada on the successful restructuring and repayment in full of its US$230 million limited recourse financing for the PSN VI Satellite Project in Indonesia.


Wind Project Feijão
Representation of a syndicate of leading international banks on the US$700 million non-recourse financing of Project Feijão, a 456 MW wind project in Brazil that is being developed by Macquarie Asset Management's Green Investment Group and Hydro Rein, Norsk Hydro's dedicated company for renewables development. The project financing closed on June 26, 2023, with a syndicate comprising mandated lead arrangers and bookrunners BNP Paribas, Banco Santander, Citibank, HSBC, J.P. Morgan, Natixis and Société Générale. This is a major landmark for Brazil's power sector, as it marked the first US dollar-denominated renewables project to raise project financing solely from commercial banks without the involvement of a development agency. This transaction was awarded "Project finance Deal of the Year" by IFRL Americas Awards, "Latin America Renewable Energy Deal of the Year" by IJGlobal, "Latin America Wind Deal of the Year" by Proximo Awards and "Project Finance Deal of the Year" by IFLR.

Financing for Mendubim solar photovoltaic power plants in Brazil
Representation of IDB Invest in the limited recourse project financing for the Mendubim 531 MWp portfolio of solar photovoltaic power plants, transmission line and associated interconnection facilities located in the municipality of Assú, Rio Grande do Norte State, Brazil. This transaction was recognized as "Renewable Energy Financing of the Year" by LatinFinance, "Latin America Renewable Energy Deal of the Year-Solar" and "Latin America Energy Transition Deal of the Year" by IJGlobal.

Sonnedix greenfield portfolio financing
Representation of Sonnedix, a global solar independent power producer (IPP) with operations in ten countries, on a non-recourse mini-perm project financing for a portfolio of greenfield and operating solar photovoltaic projects in Chile. The transaction consists of an initial portfolio of nine projects for a combined minimum capacity of 70 MWp under Chile's PMGD (Pequeños Medios de Generación Distribuida) regime, which enables renewable projects with an installed capacity of 9 MW or less to sell energy to the system under a stabilized price tariff.

Enel Mexico renewable projects
Representation of IDB Invest on the US$200 million financing to ENEL Green Power Mexico for a portfolio of wind and solar projects in Mexico comprising a 244 MW wind farm in the municipality of China, Nuevo León, a 149 MW wind farm in the municipality of Acuña, Coahuila, and a 220 MW photovoltaic plant in the municipalities of Tlaxco and Hueyotlipan, Tlaxcala.
Hydrogen, LNG, Hydrocarbons

Green hydrogen and ammonia projects
Representation of the sponsor on its project development and project financing of several green hydrogen/ammonia projects with a combined estimated capital investment of up to US$1 billion, including a series of projects in Paraguay: an up to 60 MW hydropower sourced project, a 250 MW hydropower sourced project and a fuel cell-based bus transportation system; as well as an up to 100 MW geothermal-based green hydrogen and ammonia project in an European country to supply and export green ammonia.

Mozambique LNG
Representation of US EXIM and other ECAs and lenders in connection with financing Mozambique LNG's US$20 billion onshore LNG facility. This transaction was awarded "Global Multilateral Deal of the Year" by PFI Awards, "Africa Oil & Gas Deal of the Year" by IJGlobal and "Structured Loan Deal of the Year" by Bonds & Loans Africa.

Pande and Temane Field Reservoirs
Representation of IFC on its equity investment as a joint venture partner (with Sasol Petroleum Temane Limitada and Companhia Moçambicana de Hidrocarbonetos SARL) in the development of oil and gas operations relating to the Pande and Temane Field Reservoirs (offshore Mozambique) and associated tolling and processing and sales arrangements.

Healthcare, Climate and Education

Eastern and Southern Africa Trade and Development MIGA guarantee
Representation of the lenders on a €334 million commercial bank term loan to Eastern and Southern African Trade and Development Bank with a guarantee from the Multilateral Investment Guarantee Agency (MIGA), for COVID-related financing purposes. This is a pioneering new product by MIGA that provides commercial banks protection against the risk of Non-Honoring of Financial Obligations by a Regional Development Bank, the first major deployment of this product in the African market. This deal was awarded "Loans Deal of the Year" by IFLR Africa Awards and "Best Deal" by Global Trade Finance.

Caja de Ahorros MIGA guarantee
Representation of Citibank as arranger on a US$250 million loan to Caja de Ahorros with a guarantee from the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group. The Caja de Ahorros loan was funded through a unique repack structure.

Aspen Finance 
Representation of International Finance Corporation (IFC), French Development Agency subsidiary Proparco, DEG, the German Development Finance Institution, and the U.S. International Development Finance Corporation (DFC) on an aggregate of €600 million in loans to be advanced to Aspen Finance Proprietary Limited, a member of the global pharmaceutical group, Aspen Pharmacare. The ongoing transaction will be the largest healthcare investment and mobilization IFC has led globally to date. This transaction was recognized as "Syndicated Loan Deal of the Year" by Bonds & Loans Africa.

Awards and Recognition

Project Finance Team of the Year, IFLR Americas Awards, 2024

Band 1, Projects: Agency Financing, Chambers USA, 2023

Highly Ranked, Projects, Chambers Brazil, International Firms, 2023

Infrastructure Law Firm of the Year: Latin America, LatinFinance, 2023