SECTOR № 04
Infrastructure that powers industrial capability.
We advise across the PPP, project-finance, and DFI-backed transactions that rebuild transitioning economies and modernize European industrial infrastructure.
SIGNATURE QUESTIONS
- How do we structure a PPP concession in Ukraine that EBRD and IFC will co-finance?
- What sovereign-risk allocation framework supports a post-conflict energy project?
- How do we align a reconstruction-finance transaction with the EU Ukraine Facility and USURIF?
OVERVIEW
Infrastructure in transitioning economies is a legal-structuring problem more than a capital problem.
Three overlapping pipelines are reshaping European infrastructure at once: the energy transition, the post-conflict reconstruction of Ukraine, and the facility build-out that defense-industrial expansion requires. Capital is available at scale across all three. The structural bottleneck is legal architecture — specifically, the PPP, concession, DFI, and sovereign-risk frameworks that let that capital actually deploy into productive assets.
Our practice works at the operational intersection of project finance, concession law, and multilateral-financier practice. We coordinate EBRD, IFC, EIB, and U.S. DFC packages across Ukrainian, Polish, Romanian, and wider CEE jurisdictions. We structure concession agreements under the Ukrainian PPP Law and parallel EU frameworks. We allocate sovereign risk in ways that allow private capital to enter transactions that were previously bank-only.
We act for project sponsors, DFIs and multilateral lenders, sovereign counterparties, and the strategic industrial investors whose operations depend on the infrastructure being built. The work is inseparable from the wider firm practice — the reconstruction, industrial, and defense sectors we cover all depend on this infrastructure layer.
CAPABILITIES
How we work across this sector.
PPP Structuring
Concession design, bidding support, and PPP contract negotiation under Ukrainian, Polish, and CEE frameworks. Risk allocation, step-in rights, and termination mechanics.
DFI Co-Financing
EBRD, IFC, EIB, U.S. DFC, and bilateral DFI financing packages. Intercreditor structuring, covenant alignment, and parallel documentation coordination.
Grid Connection & Energy Regulatory
Grid connection agreements, PPAs, capacity market participation, and the wider energy regulatory architecture across EU and CEE markets.
Concession Agreements
Sovereign and sub-sovereign concessions across transport, logistics, energy, and production-supporting infrastructure. Award-process advisory and concession-term negotiation.
Sovereign Risk Allocation
Political-risk insurance structuring (MIGA, DFC, private PRI), sovereign-support packages, and the contractual architecture that makes transitioning-economy projects bankable.
Reconstruction Finance Frameworks
Integration of project finance transactions with the EU Ukraine Facility, USURIF, Ukraine Investment Framework, and bilateral reconstruction mechanisms.
REPRESENTATIVE MATTERS
A selection of recent work.
PPP concession for a grain-logistics terminal
Advised the sponsor consortium on a 30-year PPP concession for a grain export terminal on the Ukrainian Danube network. EBRD-anchored senior debt, MIGA PRI, and state-support agreement.
Grid-connection and capacity-market structuring for a gas-to-power project
Advised the developer on grid connection, PPA structure, and capacity-market qualification for a 500MW flexible gas project. EIB financing and Polish capacity market participation.
Project finance for a transmission-grid reinforcement program
Advised a transmission sponsor on the financing of a multi-year transmission expansion. EIB and IFC syndicate, sovereign-guarantee structuring, and EU Modernisation Fund grant interface.
Integrated financing package under the EU Ukraine Facility
Advised on a blended financing structure combining EU Ukraine Facility instruments, U.S. DFC debt, and private-sponsor equity into a single infrastructure transaction.
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