Mayer Brown and Tauil & Chequer (T&C) in association with Mayer Brown advised on four transactions named “Deal of the Year” by IJGlobal at its Americas Awards 2023. The awards recognize excellence and innovation in the region’s infrastructure and energy sectors during the past year.
The winning transactions are:
PennDOT Major Bridges P3, Package One (Transport – Road – North America)
Mayer Brown acted as underwriter’s counsel to Wells Fargo Bank, National Association and J.P. Morgan Securities LLC for the issuance of approximately $1.8 billion in private activity bonds for the first package of the Pennsylvania Department of Transportation’s (PennDOT) Pathways Major Bridge Public Private Partnership (P3) Initiative. This project will support Pennsylvania’s interstate transportation system by replacing six bridges across the Commonwealth. This is the largest issuance of surface transportation private activity bonds ever.
John F. Kennedy Terminal 6 Redevelopment (Transport – Airport – North America)
Mayer Brown advised JetBlue Airways on the proposed development and financing of JFK International Airport New Terminals 6/7, representing a $3 billion investment and expansion of the airport. Previously, the firm also advised Korean Air, a partner in the Terminal One Group Association (TOGA), in connection with the proposed $7 billion JFK International Airport Terminal One Redevelopment Project. These two projects represent a $10 billion private sector investment in the comprehensive redevelopment and improvement to New York City’s gateway international airport.
Louisiana State University Energy System (P3 – Utilities – North America)
Mayer Brown represented CenTrio in connection with Louisiana State University’s (LSU) procurement of a P3 to modernize, improve and manage the central utility plant at LSU’s main campus. The firm negotiated the definitive agreements with LSU to reflect the P3 arrangement and to document construction, operations and maintenance agreements with additional contractors and represented CenTrio in the private placement financing to support the project.
São Paulo Metro Line 6, Brazil (Transport – LATAM)
Mayer Brown represented Acciona, who along with its partners in the Linha Universidade (CLU) consortium, closed the project financing for the Line 6 of the São Paulo subway in Brazil. The project has a total investment cost of approximately US$1.34 billion and is the largest project financing for a public-private infrastructure project in Latin America.