Barranquilla gets loan for infrastructure investments
23 September 2021
The Colombian district of Barranquilla has hired Clifford Chance LLP in New York and Mendoza in Bogotá to obtain a US$100 million financing from Deutsche Bank.
The lender turned to two offices of Mayer Brown LLP and Philippi Prietocarrizosa Ferrero DU & Uría (Colombia).
The deal closed on 15 September.
The district will use the loan to finance public infrastructure projects included in the region’s 2020-2023 development plan Soy Barranquilla, which aims to invest in the city’s health, education, security, housing and public service sectors.
Barranquilla introduced the plan to reactivate the city’s economy due to the impact of the covid-19 pandemic.
Barranquilla is the capital of the Caribbean coastal region of Atlántico and is the fourth-most populated city in Colombia.
Counsel to Distrito Especial y Portuario de Barranquilla
Clifford Chance LLP
Partner Hugo Triaca, counsel Alberto Haito and Greg Kahn, and associates Julian Hurtado Vallejo and Luis Fortuño in New York
Partner Mateo Mendoza and associates Clara Robledo and Maria Esther Eljach in Bogotá
Counsel to Deutsche Bank
Mayer Brown LLP
Partner Gabriela Sakamoto in Washington, DC; partner Juan Pablo Moreno and associate Ermelinda Villagomez in Chicago; and associate Luis Schrader in Mexico City
Philippi Prietocarrizosa Ferrero DU & Uría (Colombia)
Partner Hernando Padilla and associates Paula Buriticá and Ximena González in Bogotá
Source: LatinLawyerLink to publication