MEXICO CITY – Sept. 26, 2022 – Attorneys from global law firm Greenberg Traurig’s Mexico City office represented Banobras (National Works and Public Services Bank) in a transaction that increased a loan to Empresas ICA (ICA) to MXN$8,000 billion. The loan is for the development of the Tren Maya (Mayan Train) strategic project for the Mexican Federal Government. ICA is the largest infrastructure, engineering, procurement, and construction company in Mexico.
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 travels northeast towards Cancún, Quintana Roo, via two routes that encircle the peninsula. It is one of the largest and most ambitious projects that the Mexican government has proposed.
The loan increase addresses materials, road adjustments, and construction of the platforms and tracks of the train corresponding to the Izamal-Cancún Section, also known as Section 4 of Tren Maya.
The Greenberg Traurig team was led by Project & Infrastructure Finance Practice Shareholder Rodrigo Orozco Waters and Associate Edgar Fernando Orozco Ceballos.
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 Office: Greenberg 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 banking, corporate, M&A, infrastructure, real estate, labor & employment, privacy, energy, administrative litigation, and competition practices in Mexico.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2500 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm reported gross revenue of over $2 Billion for FY 2021 and is consistently among the top firms on the Am Law 100, Am Law Global 100, and NLJ 250. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and the Center for Resource Solutions Green-e® Energy program certifies that the firm’s U.S. offices are 100% powered by renewable energy. The firm is often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.