Refinancing of the Barcelona Metro Line 9 - section 1 project has been finalized, reaching a total of EUR1.174 billion (US$1.322 billion) debt. It was achieved by the Concessió Estacions Aeroport L9 S.A consortium, responsible for the project.
An international banking group has provided EUR590 million (USD668.37 million) debt to the consortium for the refinancing of the first section of the Metro Line 9 PPP project. Out of which Hamburg Commercial Bank (HCOB) has contributed EUR 60.5 million (USD68.72 million) to syndicated financing for the operation and maintenance of thirteen stations of the project.
The shareholders of the consortium are funds managed by Vauban Infrastructure Partners and Aberdeen Infrastructure. The project is a concession for the operation and maintenance of the metro stations of the first section of Line 9 (L9T1) with a remaining tenor of about 20 years under a PPP arrangement between the regional government of Catalonia and a private operator.