Posse Herrera Ruiz acted as Colombian legal advisor to InfraRed Infrastructure Fund III, a private capital fund leader in global investment focused on infrastructure and real estate, in the execution of the agreement to purchase a 50% interest in the Perimetral de Oriente de Cundinamarca project, a $610m road project in Colombia, in partnership with Shikun & Binui.

This project is part of the 4G Public Private Partnership highway programme and involves the financing, restoration, construction and improvement of a toll road concessionaire for a toll east of Bogotá, an infrastructure project that covers around 148km of existing brownfield corridor and 5km of greenfield bypass.

The project is being financed with non-recourse project finance debt through a combination of US dollars and Colombian pesos with leading international and local financial institutions.

Signing Date: November 28, 2016.

Closing Date: December 20, 2016.


Counsel to InfraRed Infrastructure Fund III


Posse Herrera Ruiz: Partner: José Alejandro Torres. Associates: Gabriel Sánchez and Daniela Vélez.

New York

Milbank: Partners: Carolina Walther-Meade and Jane Morgan. Associates: Nehal Siddiqui, Andrés Arnaldos Montaner and Foreign Associate: Maria Paula Baraya.


Burness Paull: Associate: Victoria Marsden

Counsel to the Lenders


Philippi Prietocarrizosa Ferrero DU & Uría: Associates: María De Bedout

New York

Clifford Chance, New York: Associates: Jessica Springsteen and Julián Hurtado Vallejo.

Clifford Chance, Washington: Associate: Lauran Smith.