Sun, Sep
66 New Articles

Karanovic & Partners Advises Mandated Lead Arrangers on Istrian Y Motorway Facilities Restructuring

Karanovic & Partners Advises Mandated Lead Arrangers on Istrian Y Motorway Facilities Restructuring

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Ilej & Partners in cooperation with Karanovic & Partners has advised the mandated lead arrangers on the restructuring of facilities granted for the Istrian Y motorway concession project.

According to Karanovic & Partners, the “Croatian government signed an amendment to the concession agreement with the concessionaire Bina-Istra to finalize the construction of the Istrian Y motorway. It is the key infrastructure for the development of tourism and economy in Istria, connecting Pula with Umag and Rijeka.”

According to the firm, “this amendment provides for the extension of the concession period and the investment of approximately EUR 200 million (USD 220 million) into the construction of a second carriageway between the Ucka tunnel/Kvarner portal and the Matulji interchange, extension of Kvarner rest area as well as construction of the second viaduct across the Mirna River and the Limska Draga viaduct. Simultaneously, Bina-Istra signed a contract with the French engineering group Bouygues to manage, maintain, and supervise the remaining construction works on the Istrian Y motorway. The construction is expected to commence in July 2023 and last for 38 months.”

The Ilej & Partners team included Partners Iva Tokic Culjak and Ivana Sverak.

The firm did not respond to our inquiry on the matter.

Croatian Knowledge Partner

Čipčić-Bragadin Mesić & Associates is one of the leading law firms in Croatia that serve companies, credit & financial institutions and public entities. We have been recommended and recognized as the legal experts and service leaders by many leading international legal guides for more than 15 consecutive years. With roots dating from 1928. we now probably have more tradition, experience and market presence than almost any other law firm in Croatia. We work closely with the leading international law firms and consultants so we’re able to manage complex, cross-border projects and deals seamlessly and successfully. Around 85% of our clients are international enterprises doing business in Croatia. List of our clients include some of the world-renowned companies such as Amazon Europe Core, China Machinery Engineering Corporation, Tate & Lyle, Nafta a.s., Unilever Croatia, Unilever Hungary, Lenovo, Innoenergy CE, Flixmobility, Flixbus CEE South, Okoenergie Group, CTC Holding, Bunge Limited, Chipita, Rolls-Royce, Canvas Holidays, Vacalianselect, Redgate Software, Red gate Investment, Yahoo!, Aston Martin Lagonda, Domino Printing UK, Domino Printing Sciences, Goldman Sachs, Deutsche Bank, Barclays Bank, HSBC, State Street Bank, Citigroup Global Markets, Credit Suisse, Bank of America Merill Lynch, Standard Chartered, Och-Ziff Capital Management, Amundi Asset Management, Altima International, Red Arc Global Investments, SMBC Nikko Capital Partners, Royal Bank of Scotland, Morgan Stanley International, J.P. Morgan group, Allianz Global Investors, Schroders, Macquarie Bank, Digital Finance International, Winton Capital Management, Citibank, Invesco Asset Management Österreich, Croatian Pension Investment Company, Unicredit Bank AG etc. We enjoy learning about our clients’ businesses and want to understand them completely so we can provide the best possible and complete service.

All News about, and Legal Analysis by, Čipčić-Bragadin Mesić & Associates can be found here.

Firm's website: cipcic-bragadin.com


Our Latest Issue