Astris Finance is pleased to announce the successful closing of a MXN 3,000m (USD 160m) facility to finance the Arriaga-Tapachula highway conservation project. The project consists in the construction, modernization and maintenance of a 487 km road in the state of Chiapas. The project was awarded to a Consortium of local companies: Grupo Indi, Idinsa, Supra and Constructora Cañeros in May 2018. The non-recourse, 9.5 year door-to-door senior debt facility was signed with local lender Banorte, which also provided a MXN 538m (USD 28.8) VAT facility.
Astris Finance acted as sole financial advisor to the Consortium during the bid stage, and through the selection of the sole arranger and the structuring and closing of the bank facility.