AWARDS: Best Infrastructure Financing: Caribbean.

AWARDS: Best Infrastructure Financing: Caribbean.

Corporate & Sovereign Strategy Caribbean

Aruba has found a model for future public-private partnerships in its first-ever PPP to reach financial close. The Green Corridor project, to expand several roads to four-lane highways, renew more than 20kms of motorway and build bike paths, is being carried out by Colombian infrastructure firm  Odinsa. The construction company mandated Deutsche Bank as the pair set out to implement a PPP structure in Aruba, which is part of the Kingdom of the Netherlands. The German lender last year provided a $58.7 million loan in a structure that borrows heavily from a model already in place in Holland.  The loan covers capital expenditure on the Green Corridor PPP and maintenance costs over the 20-yea

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