Natixis Corporate & Investment Banking (Natixis CIB) has supported a landmark $281 million project financing for Ruta del Este, a concessionaire company formed by ISA Vías, one of the largest operators of road concessions in Latin America, to develop the Panamericana del Este road project.
Natixis CIB served as joint bookrunner and joint lead arranger.
The Panamericana del Este road project is a critical infrastructure project that involves the rehabilitation and repaving of an approximately 246-kilometer (153-mile) corridor linking the eastern outskirts of Panama City to the Darien province near the Colombian border. This project marks the first concession awarded in Panama under the public-private partnership (P3) law of 2019.
P3s were implemented in Panama through Law 93 of Sept. 19, 2019 to unlock collaboration between the private sector and the government to carry out various public projects.
Although P3 regulations are relatively new in Panama,
