Macquarie Asset Management, on behalf of its institutional clients, has provided long-term debt financing to the consortium responsible for the operation and maintenance of Line 9, Section 1 of the Barcelona Metro.
Section 1 forms part of the 48-kilometer (29.8 miles) line, which will be the longest automated metro line in Europe when it is completed in 2026, with 39 stations covering five municipalities within Barcelona’s metropolitan area. Connecting key destinations, including El Prat Airport to the city center, the driverless metro line is expected to serve as many as 165 million passengers each year.
The 16-year financing agreement was provided to the concession holders Vauban Infrastructure Partners, Aberdeen Infrastructure and Copisa as part of a €1.2 billion ($1.35 billion) debt package.
“We are excited to help finance this important public-private infrastructure project,” said Eric Henschel, a senior vice president at Macquarie Asset Management.
