Eaglestone and Invest Corporate Finance advise on Portugal's first High-Speed Rail Concession Project

Eaglestone and Invest Corporate Finance / IMAP Portugal have successfully advised LusoLav Consortium on the concession for the initial stretch of Portugal’s first passenger high speed line, linking Porto to Oiã. One of the largest ongoing mobility projects in Europe, this stretch is part of a new rail line which, once concluded, will connect the country’s two largest cities, Lisbon and Porto, in 1hr 15min, down from the current journey time of 2hrs 49min. The stretch includes two crossings over the river Douro (one exclusively for high-speed trains and another for road traffic), two stations (Porto and Gaia), several tunnels and a connection with the existing line.

Invest Corporate Finance’s and Eaglestone’s contributions included bidding for the project, optimising the capital structure, preparing marketing materials, carrying out contacts with numerous potential lenders, building the financial model, assisting lenders in their due diligence process, negotiating with lenders, and assisting with the financing documentation.