Commercial close for the Baixo Alentejo Highway Project was conducted on Saturday 31st January 2009, with Portuguese prime-minister Jose Socrates chairing the official ceremony. The financial swaps took place in late February.

The project is the third of seven Portuguese highway concessions launched by the Estradas de Portugal, the agency responsible for Portugal’s highway network, and involves the upgrade and maintenance of approximately 344km of the Baixo Alentejo highway, through a DBFMO contract.

The GR Consortium, comprising Iridium, Desarollo de Concessiones Viarias Uno, Dragados, Edifer, Tecnovia and Condurium, was awarded the concession. A total of seven commercial banks will be providing €190m of senior debt, with the European Investment Bank supplying the remaining €200m.

Operis conducted due diligence on the financial model created in support of the transaction.

Share now

CONTACT US

Please get in touch with either of our regional offices.

https://www.operis.com/wp-content/uploads/2021/01/Erwan-Fournis-500x500.png
Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Carmen-Wade-500x500.jpg
Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Jun-Tao-500x500.png
Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/04/Mark-Southall-500x500.png
Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Philip-Allen-500x500.jpg
Philip Allen
Head of Training [javascript protected email address]

Operis Europe

View Google Map
+44 207 562 0400
[javascript protected email address]

Operis North America

View Google Map
+1 647 846 7382
[javascript protected email address]

CONTACT US

Discuss your requirements with us

https://www.operis.com/wp-content/uploads/2021/01/Erwan-Fournis-500x500.png
Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Chirs-Aldred-500x500.png
Chris Aldred
Director

+44 207 562 0433

[javascript protected email address]
Name(Required)
Consent(Required)
This field is for validation purposes and should be left unchanged.