Watson Farley & Williams (“WFW”) is pleased to announce that a deal the firm advised on won Europe Roads Deal of the Year at the Proximo Deal of the Year Awards.
The Proximo Deal of the Year Awards recognise excellence in project, energy, and infrastructure finance worldwide, including North America, Europe, Latin America and APAC.
WFW advised Limak İnşaat Sanayi ve Ticaret A.Ş. (“Limak”) and project company Antalya Alanya Otoyolu İnşaat Yatırım ve İşletme A.Ş. on the sustainability-linked financing of the €2.5bn Antalya–Alanya Motorway public-private partnership (“PPP”) project in Türkiye.
The consortium of lenders comprised multilateral development banks as well as leading international and Turkish financial institutions. The financing includes multiple tranches of conventional, covered and Islamic facilities and benefits from a debt assumption by the Turkish Treasury.
The Antalya–Alanya Motorway PPP highlights both the transformative potential of sustainable transport development as well as the strength and attraction of Türkiye’s PPP framework.
Frankfurt Project and Structured Finance Partner Florian Kutzbach, who led the WFW team that advised Limak, commented: “We are delighted that this landmark infrastructure project in Türkiye has been recognised by Proximo. As the largest sustainability-linked financing for a BOT motorway in the country, it underscores WFW’s global capability in advising on complex, cross-border infrastructure financings, built on deep sector expertise and seamless international teamwork”.
