Gross Brown Advises First PPP Project in Paraguay

Gross Brown advised Goldman Sachs & Co. LLC, the Inter-american Development Bank (IDB) and the Inter-american Investment Corporation (IDB Invest) and Banco Itaú Paraguay S.A. on the USD 657.6 million financing structure for the design, rehabilitation, construction, operation and maintenance of the Rutas 2 and 7 project, under the Public-Private Partnership framework of Paraguay.

This is the first PPP project in Paraguay and the second public infrastructure project financed In the international markets. The transaction represents the largest private investment in the history of Paraguay.