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Zhong Lun Advises on USD 861 Million Financing for Dhaka Elevated Expressway
Zhong Lun Advises on USD 861 Million Financing for Dhaka Elevated Expressway
Release time：2020-12-16
Voice Announcements
Zhong Lun has advised The Export-Import Bank of China and the Industrial and Commercial Bank of China (collectively, “Lenders") on their USD 861 million financing for the Dhaka Elevated Expressway which is insured by China Export & Credit Insurance Corporation (“Transaction"). This is the first road BOT project for which China Export & Credit Insurance Corporation provides oversea investment insurance. The first tranche of loan in the Transaction has been disbursed in April 2020.
The Dhaka Elevated Expressway project is invested, manufactured and operated by China Shandong International Economic & Technical Cooperation Ltd., Sinohydro Corporation Limited and Italian-Thai Development Public Company Limited. This project has been added in the Belt and Road Major Project List.
In this Transaction, Zhong Lun as the legal counsel of Lenders, was responsible for (i) reviewing the Facility Agreement and other transaction documents from the PRC law perspective, (ii) drafting PRC law governed transaction documents, (iii) issuing a PRC law legal opinion, and (iv) providing legal advices for PRC law related issues. The Zhong Lun team was led by partner Wenyong (Michael) Zhang and key members include associate Tu Hao and Yuan Quan.
