Jurisdiction - China
News
Hogan Lovells Advises Republic Of Ecuador In Its USD 509m Loan From Chexim.

24 November, 2014

 

Hogan Lovells advised the Republic of Ecuador in the negotiation of a USD 509m facility agreement that was executed by the Export-Import Bank of China (Chexim) and the Ministry of Finance of Ecuador. Under the agreement, Chexim granted a loan to be used for the construction of the 500Kv transmission lines, which are strategically required to connect the three mega hydroelectric projects currently being built in Ecuador by Chinese construction companies. With the closing of the agreement, Chexim will have provided more than USD 2.8bn in funding to Ecuador since 2010, including the three mega hydroelectric projects to be connected to the grid: Coca Codo Sinclair, Sopladora, and Minas San Francisco, as well as the Simon Bolivar Highway extension project.

 

Miami partner Miguel Zaldivar led the Hogan Lovells team.

 

Conventus Law

Follow us on Twitter @conventuslaw

Comments are closed.