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IT
Infrastructure Financing of the Year: Brazil – Nova Rota do Oeste BR-163
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LatinFinance
Few infrastructure projects in Brazil better capture the complexity, resilience, and innovation required to unlock stranded assets than Nova Rota do Oeste’s (NRO) R$5.35 billion financing of the BR-163 highway in Mato Grosso.
For the landlocked soybean powerhouse of Mato Grosso, reliable logistics are vital to sustaining its global competitiveness.
The financing stands out as the first-ever capital markets deal for a consensually renegotiated concession in Brazil.
For Brazil’s infrastructure sector, the Nova Rota do Oeste financing marks a regulatory milestone that also serves as a model for unlocking investments that are poised to shape Brazil’s infrastructure landscape for years to come.
Infrastructure Financing of the Year: BrazilNova Rota do Oeste BR-163R$5.35bn ($973m) Non-recourse financing: R$4.875 billion 19-year infrastructure debentures; R$475m BNDES loanSponsor: Concessionaria Rota do OesteJoint Lead Arrangers: BNDESJoint Lead Arranger, Bookrunner, Financial Advisor: BNP ParibasSponsor’s Counsel: Machado MeyerLender’s Counsel: Lobo de RizzoAccounts Administrators: Bradesco BBI; Banco do BrasilConsultants: ALG Global Infrastructure Advisors; Infraplan ConsultoriaTrustee Agent: VortxAll supporting financial institutions and law firms were transmitted to LatinFinance by the award category winners.