Financing packages for Line 2 Lima Metro project in Peru

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Located in Peru, Lima Metro Line 2 project has been advised by Garrigues on a set of financing packages for the project with a total amount of US$961 million. 

These packages consist of an US$811 million off-balance-sheet financing from the Export Credit Agency and a US$150 million revolving construction credit facility. The ECA-backed credit line was covered by an export credit guarantee provided by SACE, the Italian Export Credit Agency. The loan was granted by a group of European banks to a special purpose vehicle, which will purchase the RPI-CAO from Metro de Lima using the funds disbursed by the lenders. The construction revolving credit facility consisted of an existing credit facility signed in 2019, which was restructured and extended by the parties. 

Lima Metro Line 2 project involves the development of 35 km of metro lines and has a total investment of approximately US$5.5 billion. The consortium led by ACS Group and FCC is responsible for the design, construction, finance and operation & maintenance of the project. The concession period is 35 years. 

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