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.