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7/1/2010
VILAF Recent Project Finance Experience

We have been involved in our role as local counsel for 3 international port projects in Vietnam as listed below.

1. Saigon Premier Container Terminal (SPCT)

This is the first internationally project-financed port deal ever done in Vietnam. VILAF has acted in the role as local counsel to four arrangers (ANZ Investment Bank, Calyon, DZ Bank AG, and HSBC) in relation to the financing of the container terminal facility in Ho Chi Minh City, Vietnam. SPCT is a joint venture company between DP World and Tan Thuan Industrial Promotion Company. The US$225 million limited recourse financing of the initial phase of SPCT port project reached financial close on 10 June 2008.

2. CMIT’s Cai Mep Port

VILAF has acted in the role of local counsel to Calyon and EKF in relation to a 200 Million US Dollar credit facility to CMIT, a joint venture company between APM Terminals, Vinalines and Saigon Port. CMIT is located in the Cai Mep area, Ba Ria - Vung Tau province. The project reached financial close in December 2009.

3. SP-PSA's Thi Vai Port

VILAF has acted for SP-PSA, a joint venture company between PSA International, Saigon Port and Vinalines in relation to a financing of $158 million for the development of a new container terminal at the Cai Mep-Thi Vai port complex in the southern Ba Ria-Vung Tau province of Vietnam. It is arranged on a club basis by Calyon, Mizuho and OCBC.

Our partner, Mr. Tran Anh Duc, led VILAF team in the above port projects. For further information, please contact Duc at duc@vilaf.com.vn

Source: VILAF lawyers - 7 January 2010

 

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