"The securitization of payment certificates, called Títulos de Pago por Inversión (“TPIs”), used to finance the rehabilitation and expansion of an existing 876-kilometer (“km”) dual carriage way toll road and building two new by-passes used to transport cargo between Argentina and Chile (the “Project”). Issued in accordance with the public-private partnership (“PPP”) law passed in 2016, the TPIs will be issued and payable by a trust (the “PPP Toll Road Trust”) that was established by the government of the Argentine Republic (“GoA”) and benefits from dedicated funding sources backstopped by a GoA top-up obligation. The PPP Contractor is a subsidiary of a leading Argentine construction firm, José Cartellone Construcciones Civiles S.A. (“Cartellone”), which won the Project concession (the “PPP Contract”) pursuant to a public bid and will carry out the construction contractor."
A direct loan with an aggregate principal amount not to exceed $400,000,000 with a tenor of not more than 15 years from the first disbursement.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Astris Finance LLC||Investor||-|
|-||-||-||-||José Cartellone Construcciones Civiles SA||Investor||-|
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