Global law firm Clifford Chance has advised BNP Paribas on a COP 1.3 trillion (~US$400 million) financing to the District of Bogotá to fund the District’s contributions to Bogotá Metro Line 1, Bogotá’s first metro line. The financing has been guaranteed by the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA).
The financing supports Bogotá Metro Line 1, a transformative green infrastructure project expected to deliver significant environmental and social benefits, including reduced greenhouse-gas emissions, improved access to employment and public transport, and greater connectivity for underserved communities.
The Clifford Chance team advising on the transaction was led out of New York by partner Hugo Triaca and counsel Julián Hurtado Vallejo, with support from associate Mariana Gutierrez Ruiz and law clerk Casilda Caso. Additional support came from partner Jose Garcia Cueto (Washington, DC) and associate Matias Zambrano Dominguez (Madrid).
Clifford Chance advises on many financing transactions in Colombia, including advising on a US$600 million green bond issuance by the City of Bogotá.
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