Hunton Andrews Kurth Represents the Salvador Port Authority in $1.6 Billion Port Development

In a landmark deal, Hunton Andrews Kurth LLP represented Comisión Ejecutiva Portuaria Autónoma (CEPA) and the Republic of El Salvador in a $1.615 billion deal with Turkish company Yilport to invest in two of El Salvador’s maritime ports. This is the largest private investment ever made in El Salvador. 

Hunton Andrews Kurth partner Andrej Micovic, who focuses on transportation and logistics infrastructure project development and finance, led the team that included Jessica Rivero. The team represented CEPA and El Salvador in the structuring, drafting and negotiation of the a complex set of transaction documents to permit a CEPA and Yilport-owned mixed enterprise entity to further develop, finance, operate and maintain the two existing ports.

The investment will help modernize the Acajutla Seaport and activate the La Union Seaport, a project that has been closed since its construction was finished more than two decades ago.

“It is always great to have the opportunity to work on a first-of-its-kind transaction, especially when our work facilitates meaningful change,” said Micovic. “These necessary infrastructure investments and associated performance improvements have a significant impact on El Salvador’s long-term economic growth.”