Orrick Advises Consortium Formed by RAZEL-BEC (FAYAT Group) and Egis on €230 Million PPP Covering 14 Toll Roads in Cameroon

May.28.2020

Version Française: Orrick conseille le consortium composé de RAZEL-BEC (groupe FAYAT) et d’Egis dans le cadre d’un PPP portant sur la construction et l’exploitation de postes de péages au Cameroun

Orrick is advising the consortium formed by RAZEL-BEC (FAYAT Group) and Egis in connection with a €230 Million public-private partnership (PPP) contract for the construction and operation of 14 toll roads on Cameroon's main axes.

This partnership represents a strategic challenge for the development of the country's infrastructure and will eventually provide Cameroon with modern and secure toll facilities on its roads network. The contract will be executed by the Cameroonian company TOLLCAM, jointly owned by the consortium, for a period of 20 years. The completion of the construction work is scheduled for 2022.

Orrick assisted the consortium throughout the process of drafting, negotiating and finalizing the concession contract with the Republic of Cameroon, represented by the Minister of Public Works and the Minister of Finance.

The completion of this transaction demonstrates the established expertise of Orrick's teams in infrastructures, especially the roads sector.

Orrick's Project & Infrastructure team was led by Yves Lepage (Partner) and included Geoffroy Berthon (Partner), Janina Dahmouh (Associate) and Charlotte Blanquinque.

The consortium was also advised locally by Amadagana & Partners with Lynda Amadagana (Partner).

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Yves Lepage Partner, Energy, Infrastructure

Paris

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D:+33 1 5353 7500
E: [email protected]

Practice:

Energy & Infrastructure Sector
Energy
Infrastructure
Mergers & Acquisitions
Funds
Africa
Latin America

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Yves Lepage Partner

Paris

Recognized by Chambers as a notable practitioner in International projects, Energy and Africa, Yves is praised for his “very good sector experience and knowledge”, as well as his “enormous negotiating skills”. With 30 years' experience in PPP, international infrastructure projects and power industry projects, Yves regularly advises operators in both the public and private sectors, government entities and financial institutions for operations in Europe, Africa and Latin America. Recently, he has led a cross-border multidisciplinary team advising Actis, one of the largest and most active private equity firms operating in Africa, in its purchase of a majority interest in three power assets in Cameroon from Fortune 200 global power company AES Corporation.

Yves also has substantial experience in privatizations and acquisitions in France and internationally with companies whose main assets are infrastructure facilities. He notably advised VINCI Airports in connection with the acquisition of nine airports and three partial management contracts following acquisition of the airport portfolio held by Airports Worldwide.

Yves is a lawyer with the Paris Appeals Court and a member of the New York Bar. He was appointed as French Foreign Trade Advisor in 1996.

Geoffroy Berthon Partner, Energy, Infrastructure

Paris

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D:+33 1 5353 7515
E: [email protected]

Practice:

Energy & Infrastructure Sector
Energy
Infrastructure
Public Finance

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Geoffroy Berthon Partner

Paris

Geoffroy advises on public contracts, particularly in the context of concessions and PPPs. He has been involved in projects relating to the financing, construction and operation of the Stade Vélodrome in Marseille; the Sud Europe Atlantique high-speed line; the Athletes' Village for the Paris 2024 Olympic Games; the Grand Paris Express and the offshore extension of the Principality of Monaco. He has also worked on several French highway (A412, A69, RCEA, A88, A41, A150), port (Calais, Cannes) and airport projects (Nice, Lyon, Beauvais).

In the renewables field, he acts alongside the French government (Ministry of Energy Transition) in calls for tenders for the construction of offshore wind farms, including floating wind turbines, and advises operators in the realization of biomass and geothermal projects, as well as investors in the context of "M&A" operations concerning wind and solar assets and methanization. He also has experience in hydroelectricity matters. He advises both sponsors and lenders and works regularly with public entities and governments. He also advises on the drafting and negotiation of corporate PPAs, acting for both energy producers and buyers.

Geoffroy Berthon is recognised by clients as "a high quality lawyer whose analyses are very precise and rigorous and whose pragmatic approach is highly regarded" (Legal 500) and as a Leading Individual by Legal 500 (EMEA 2023) in public law and energy.

Geoffroy holds a doctorate in public law, was a lecturer in public contract law at Sciences Po, and frequently published in both English and French.

Related Areas

Infrastructure