The San Jose-Calera or Ruta 27 is operated by Autopistas del Sol (Globalvia) under a concession contract that runs to 2033
QMONEY – Two international law firms, Jones Day (US) and BLP (UK), have helped Autopistas del Sol (Globalvia), concessionaire of the Ruta 27 toll road, become the first Costa Rican infrastructure operator to issue project bonds, in a US$351 million dual offering that breaks new ground for project finance in the country.
Citigroup was sole global coordinator and bookrunner and hired the New York and Madrid offices of Clifford Chance LLP, as well as Consortium Legal (Costa Rica). Consortium was also counsel to the local structuring agent, Banco CMB.
The public offering of up to US$374 million dollars was authorized by the Superintendencia General de Valores (Sugeval)