White & Case Wins Proximo “Deal of the Year” Awards for PPP Work in the United States and Latin America

Energy and infrastructure news and analysis service Proximo honored global law firm White & Case LLP’s Project Development and Finance Practice twice in its Deals of the Year ceremony for work performed in 2019, held virtually on May 27.  The PPP (public-private partnership) deals for which White & Case was honored were:

North America PPP Deal of the Year
White & Case advised the lenders in the senior secured financing of a consolidated rental car facility at the Newark Liberty International Airport. Underpinned by a lease agreement entered into by the borrower with the Port Authority of New York and New Jersey, the project comprises the development, construction and operation of a joint-use structured parking facility at Newark Liberty International Airport, a portion of which will be used as a public parking facility and a portion of which will be used as a consolidated rental car facility.

Latin America PPP Deal of the Year
White & Case advised on the groundbreaking financing for the national routes 2 and 7 road project in Paraguay, the largest private investment in the history of Paraguay. White & Case advised Sacyr Concesiones S.L. and Ocho A S.A., as sponsors, Rutas del Este S.A., as borrower, and Rutas 2 and 7 Finance Ltd., as issuer, in the financing for the design, construction, operation and maintenance of the project. The project is Paraguay's first public-private partnership.

“The Proximo Deal of the Year awards confirm White & Case’s position as the leader in PPP work in the Americas,” said Mark Castillo-Bernaus (London), global head of the firm's Project Development and Finance Group.

The Proximo Awards methodology “combines vast combined editorial expertise, deep research and market polling,” according to Proximo.