Sacyr Concesiones, along with its partner EISER Infrastructure Partners, recently closed the refinancing of the debt in the concession companies which operate and manage Moncloa and Plaza Elíptica Transport Hubs in Madrid (Spain) for a total amount of €190 million (US$210 million).

Moncloa Transport Hub provides services to 360,000 daily users and it has three levels: the first one consist of 36 bus bays and the third one there are platforms of the Metro. In the middle floor exists connection between the two transport services.

Plaza Elíptica Transport Hubs is also organized in three levels: the first and second level for bus bays and the third one for connection with the Metro and other complementary services. The hub provides services to 126,000 daily users

The German investment bank Deutsche Bank coordinated and placed the operation, with the total amount of the debt being placed between a group of 5 European and American institutional investors. This new debt represents long-term refinancing (25 years) of the bank debts for the project held by the two concession companies, which were due to mature in 2018 and 2019. The operation has benefited from the low interest rates currently found on the market.

The companies, Intercambiador de Transporte de Plaza Elíptica, S.A. and Intercambiador de Transporte de Moncloa, S.A., owned 51% by Sacyr Concesiones and 49% by Eiser Infrastructure, operate and manage the public-private concessions which were awarded by the Regional Transport Consortium of Madrid in 2005 and 2006, and which are due to expire in 2040 and 2043 respectively.