GyM Ferrovías Concluded the Financial Closing for the Expansion of Line 1 of the Lima Metro
August 23 2017 - 9:05PM
Business Wire
- The expansion will reduce the frequency
of trains during rush hours by half, from six to three minutes
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company”
or “Graña y Montero”) a leading Engineering and Construction
company, announced that GyM Ferrovías concluded today the financial
closing of the expansion project of Line 1 of the Lima Metro. The
financing amounts to approximately US $ 316 million, which will
permit the acquisition of 20 trains and 39 Alstom cars, as well as
the improvement and expansion of 5 train stations (electric
reinforcement, expansion of stations, additional garages, increase
of 8 links - double exchanges and construction of the second access
to the Villa el Salvador train yard) that will help expand the
capacity of the Line 1 service.
Thanks to this project, the frequency of trains during peak
hours can be reduced by half, from six to three minutes, and the
number of clients transported per day will increase from 320,000 to
500,000.
The financial entities involved in the Financing of the
Expansion were Mizuho Securities USA LLC and Mizuho Bank, Ltd., as
structuring agents; Mizuho Bank Ltd., as administrative agent; and
Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation, as
mandated lead arrangers.
With these works, Line 1 of the Lima Metro reaffirms its
commitment to remain the most reliable, modern and safe
transportation system in Peru, with the aim of improving the
quality of life for millions of people.
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version on businesswire.com: http://www.businesswire.com/news/home/20170823006120/en/
Graña y Montero S.A.A.Samantha Ratcliffe, 511-213-6573Head of
Investor
Relationssamantha.ratcliffe@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/
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