A consortium of lenders has taken over Auto-Estradas do Douro Litoral (AEDL), a concession company that operates and maintains the A41, A43 and A32 toll roads (total length of 73km), located in Porto and surrounding areas of north-west Portugal.
AEDL was awarded the Douro Litoral concession in 2008 under the ownership of Brisa, a Portuguse highway management company. However, over the past five years, AEDL has been in default on its debt service obligations, due to a high cost structure and traffic levels that have been below original expectations.
The consortium of lenders that now owns the concessionaire is led by investment funds managed or advised by Strategic Value Partners, LLC and its affiliates and Cross Ocean Adviser LLP and its affiliates.
Country updates
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January 09, 2019
VINCI to invest US$1.3 billion to create dual airport system in Lisbon
VINCI Airports has announced that its 100% subsidiary ANA (Aeroportos de Portugal) has signed an agreement with the Portuguese governement concerning a major extension of the airport capacity in the L...
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January 08, 2019
ANA signs an agreement to finance the expansion of Lisbon’s airport capacity
ANA – Aeroportos de Portugal, the concessionaire of 10 airports in Portugal and 100% subsidiary of VINCI Airports, on January 8, 2019, signed an agreement with the Portuguese government on...
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December 19, 2018
Tenders for US$300 million housing concessions launched in Lisbon
The municipal government of Lisbon, the capital of Portugal, has launched tenders for two housing concessions. The concessions concern the financing, design, project, construction/rehabilitation, con...
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June 29, 2018
Chinese investors to bid for port concession in Portugal
A minimum of five Chinese consortia are reportedly interested in bidding to develop a new container terminal at the Port of Sines in southern Portugal. A tender for a concession contract to build and...
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June 13, 2018
Concessionaire refinances largest container terminal in Portugal
PSA International Pte Ltd (PSA) and Terminal Investment Ltd S.à.r.l. (TIL) have successfully refinanced the container terminal at the port of Sines, located on the south-west coa...
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