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Hunton Andrews Kurth Advises on Financial Close for $1.8 Billion Cambodian Expressway Project

July 15, 2019

LONDON--(BUSINESS WIRE)--Jul 15, 2019--

Hunton Andrews Kurth LLP is pleased to announce its role as lead transaction counsel to China Road and Bridge Corporation in a $1.8 billion public-private partnership (PPP) development of a 190-kilometer expressway in Cambodia.

CRBC, one of the world’s largest construction companies, closed financing on the deal with the Cambodian government on May 31, 2019. The project is one of the largest PPP motorway infrastructure projects to reach financial close in 2019. It will link Cambodia’s capital, Phnom Penh, to Sihanoukville, site of the nation’s only deep-sea port. Construction is anticipated to take four years to complete.

“It is truly rewarding to be involved in a project of such magnitude, which is expected to transform the nation’s economy,” said Hunton Andrews Kurth global energy and infrastructure partner Kirk A. Lovric, who has led the Hunton team advising CRBC for the last three years.

Hunton Andrews Kurth has experience across the entire range of contractual arrangements for PPP projects. The firm has represented project lenders, investors, developers, sponsors and governments throughout Africa, Asia, Latin America and the United States on PPP transactions and other project matters for more than 20 years. The firm also has worked extensively with governments and their parastatals, using financing and other programs provided by the World Bank and other governmental, multinational, multilateral and bilateral export credit, risk insurance and lending agencies.

About Hunton Andrews Kurth LLP

Hunton Andrews Kurth is a global law firm of more than 1,000 lawyers handling transactional, litigation and regulatory matters for clients in myriad industries including energy, financial services, real estate, retail and consumer products and technology. Areas of practice focus include capital markets, mergers and acquisitions, intellectual property, PPP, public finance and infrastructure, commercial litigation, labor and employment, and privacy and cybersecurity. With offices across the United States and in Europe, the Middle East and Asia, we are aligned with our clients’ businesses and committed to delivering exceptional service. For more information, visit HuntonAK.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190715005425/en/

CONTACT: Zinie Sampson

Baretz+Brunelle

+1 (804) 381-1272

zsampson@baretzbrunelle.com

KEYWORD: ASIA PACIFIC CAMBODIA UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: CONSULTING URBAN PLANNING CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES OTHER TRANSPORT TRANSPORT LEGAL OTHER CONSTRUCTION & PROPERTY

SOURCE: Hunton Andrews Kurth LLP

Copyright Business Wire 2019.

PUB: 07/15/2019 09:30 AM/DISC: 07/15/2019 09:31 AM

http://www.businesswire.com/news/home/20190715005425/en

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