Rutas 2 and 7 toll road PPP

Overview:

• Rutas 2 and 7 toll road PPP is a project being developed by Sacyr Concesiones and Ocho A in Paraguay, which is the first PPP in the country.
• The project received $657.6 million through a hybrid financing from Goldman Sachs and the Inter-American Investment Corporation in what is the largest private investment in Paraguayan infrastructure to date.
• The financing is a multi-tranche involving securitisation, a letter of credit facility and project financing. The majority of funds ($457.6 million) was raised through a 144A/Reg S bond securitization. The remaining $200 million was secured through a project finance agreement and letter of credit facility.

Chynna Lewis – Researcher