The London office of global law firm Hunton Andrews Kurth has been appointed lead transaction counsel to China Road and Bridge Corporation (CRBC) in its $1.8bn public-private partnership (PPP) development of a 190km expressway in Cambodia.
A large contractor in its own right, CRBC is a subsidiary of the state-owned giant China Communications Construction Company (CCCC).
It closed financing on the deal with the Cambodian government on 31 May this year, becoming one of the largest motorway PPPs to close in 2019, the law firm said on 15 July.
Actual work on the project began in March. The plan is to widen the country’s busiest freight corridor, a chronically congested two-lane road between the capital, Phnom Penh, to Cambodia’s only deep-sea port at Sihanoukville.Â
When complete in 2023, the journey is expected to be cut from five hours to two.
"It is truly rewarding to be involved in a project of such magnitude, which is expected to transform the nation’s economy," said Hunton Andrews Kurth’s global energy and infrastructure partner Kirk A. Lovric, who has led the Hunton team advising CRBC for the last three years.
Image: Kirk A. Lovric, Hunton Andrews Kurth’s global energy and infrastructure partner
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