We advised Macquarie Infrastructure Partners II (MIP II) and Skanska Infrastructure Development (Skanska) in the divestiture of their respective interests in Elizabeth River Crossings (ERC) as part of a full sale of ERC to a special-purpose vehicle owned by Abertis Infraestructuras and Manulife Investment Management. As a result, Abertis will operate and maintain the Downtown and Midtown tunnels in the Hampton Roads region of Virginia, which provide a vital transportation link between Norfolk and Portsmouth, as well as the MLK Expressway and approximately 51 miles of highway. The sale closed on December 30, 2020.
Our experience advising asset management companies and their infrastructure funds on P3 projects enables us to provide clients with unmatched legal advice on the complexities of infrastructure assets. We also regularly advise companies on the acquisition and sale of infrastructure assets, giving our team a breadth of experience few law firms can offer.
The core Orrick team advising MIP II and Skanska includes Young Lee, King Milling, Dan Mathews, Mike Masri, Tom Kidera, Greg Beaman, Diana Gillis, Adam Kowis, Susan Long, Matthew Neuringer, David Gold, Joseph Lodico, Sean Carfi, John Grant, Sophia Han and Eric Vanderhoef.