Alcogal advised Consortium HPH Joint Venture —formed by Hyundai Engineering & Construction Co., Ltd., POSCO E&C and Hyundai Engineering Co. Ltd.— in connection with the financing of the tunnel for Line 3 of the Panama Metro. This project is strategic for the country’s public transportation network and required sophisticated financial solutions for its construction and long-term operation. The transaction is part of an approximately US$1.6 billion financing structure. Alcogal’s team included Arturo Gerbaud, Rita de la Guardia, Patricia Cordero, Rafael Amar, Lilah Levin and Victoria Castro. The operation evidences the firm’s experience in structuring complex infrastructure financings, coordinating multiple stakeholders and jurisdictions.