InfraRed, Mota-Engil finance Aruban road

InfraRed, Mota-Engil finance Aruban road

Caribbean Loans M&A Project & Infrastructure Finance

InfraRed Capital Partners and Mota-Engil have put long-term financing in place for the Watty Vos Boulevard toll road PPP in Aruba.Japanese lender SMBC and local investment bank AIB Bank provided an 18-year loan for $70m, said sources involved in the project. SMBC structured the loan, while AIB contributed under $10m to the financing, the sources said.The sources did not disclose the spread. Mota-Engil agreed in January to sell 85% of its two road PPPs in Aruba to InfraRed for an undisclosed

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