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.