Caja Madrid and Central American Bank finance toll road project in Costa Rica
Clients Caja de Ahorros y Monte de Piedad de Madrid (Caja Madrid), The Central American Bank for Economic Integration
Jones Day advised Caja de Ahorros y Monte de Piedad de Madrid and The Central American Bank for Economic Integration in connection with a $261 million financing package arranged for the development, construction and placement into service of the San José-Caldera toll road in Costa Rica, with an overall project value of $330 million. The long-term financing arranged by Caja Madrid was supported by a political risk guaranty provided by the Multilateral Investment Guaranty Agency. The San José-Caldera toll road represents the first concession-based infrastructure project to reach financial close under the new concession laws of Costa Rica.