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Greenberg Traurig Mexico Represents Banobras in Mayan Train Project Development Loan

MEXICO CITY – Nov. 6, 2023 – Attorneys from global law firm Greenberg Traurig’s Mexico City office represented Banobras (Banco Nacional de Obras y Servicios Públicos, S.N.C.) in a transaction granting a loan to Empresas ICA (ICA). The loan is for the development of the Tren Maya (Mayan Train) Section 5 South Puerto Aventuras - Playa del Carmen. The project also involves the construction of an elevated viaduct, the installation of an electric railroad track, and the construction of Playa del Carmen Station, as well as improvements to Highway 307 (Cancun - Tulum), which is a strategic project for the Mexican federal government. ICA is Mexico’s largest infrastructure, engineering, procurement, and construction company.

Tren Maya, now under construction, is a 1,525-kilometers intercity railway in Mexico that will traverse the Yucatán Peninsula. The railway begins in Palenque, Chiapas, and extends northeast towards Cancún, Quintana Roo, via two routes encircling the peninsula. It is one of the largest projects the Mexican government has ever proposed.

The Greenberg Traurig team was led by Project & Infrastructure Finance Practice Shareholder Rodrigo Orozco Waters and Associates Edgar Fernando Orozco Ceballos and Daniela Cobo Agüero

About Greenberg Traurig’s Project & Infrastructure Finance Practice: Greenberg Traurig’s Project & Infrastructure Finance Practice brings together integrated, multidisciplinary teams of attorneys from across the firm to work in project finance and infrastructure development both nationally and internationally. We have broad experience in project structuring, development and finance, public-private partnership transactions, construction, insurance and bonding issues, environmental law and regulation, energy contracting and regulation, labor law, real estate, and tax law.

About Greenberg Traurig’s Mexico City OfficeGreenberg Traurig’s Mexico City office offers clients innovative, strategic advice and legal services that span both traditional fields and contemporary regulatory sectors. The office has more than 60 bilingual attorneys who have been contributors to major national projects in Mexico and leverages the resources and reach of the firm’s global platform to provide clients with tailored legal services reflective of the specific industry and market conditions in which they operate. The Mexico City office is an integral part of the firm’s award-winning Latin America Practice, and has been recognized with leading competition, corporate, M&A, compliance, infrastructure, real estate, privacy, energy, administrative litigation, and banking practices in Mexico.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2650 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: