DLA Piper advises Nuevo Metro de Lima on $5bn construction of Peruvian Metro

DLA Piper has acted for the Nuevo Metro de Lima consortium on its winning bid for the $5bn (£3bn) Lima Metro Line 2 project in Peru. The consortium will be responsible for the design, finance and construction of the Metro, as well as the operation and maintenance of the project.

The project is one of the largest infrastructure projects globally at the moment. It uses cutting-edge technologies, including driverless trains, and will have a significant social impact on Lima.

According to the firm, the transaction is particularly innovative in its financing, by using a combination of financing products that will allow certain investors to be protected from construction risk and operating risk.

The DLA Piper team was led by partners Ugo Calò (finance and projects, Milan), Francesco Ferrari (finance and projects, Milan) and Gianluca Bacchiocchi (corporate and securities, Chicago), with associates Riccardo Pagotto (finance and projects, Milan), Diego Harman (corporate and securities, New York) and Fernando Rodriguez-Marin (finance, New York).

The team advised the Nuevo Metro de Lima consortium from the initial stages of the bidding process, structuring the deal on all construction and financing aspects and the preparation and revision of tender documents and will now act for the consortium on all legal aspects relating to the financing and implementation of the project.