Miami — March 09, 2009 — Hunton & Williams LLP announces its representation as Florida and financing counsel to Spanish construction conglomerate ACS Infrastructure Development, Inc and I 595 Express, LLC, in their successful transaction with the Florida Department of Transportation for the expansion of Interstate 595 in Broward County, which closed on March 3, 2009.
The project is expected to ease congestion on I-595 by constructing three free travel lanes plus a reversible SunPass-only two-lane tolling area. Construction will extend over a five-year period, to begin in June 2009. ACS Infrastructure will operate the toll road.
"Our clients plan to team up with local contractors to reduce anticipated construction time significantly, for the benefit of Broward residents," said Miami partner Carlos Loumiet, who was assisted in Florida's first public-private- partnership (PPP) infrastructure deal by Alex McLane Soto, Cameron Cosby, John O'Neill, Jr. and other Hunton & Williams non-Florida lawyers. "This project should also bring a large economic investment and jobs to Broward County now, when they are needed."
The Miami office of Hunton & Williams was established in 1999 and is home to 60 attorneys serving the regional and global needs of its clients. The firm’s practice in Miami emphasizes corporate and finance, litigation, labor and employment, real estate, bankruptcy and creditors rights, tax, Latin America, and mergers and acquisitions for domestic and multinational clients.
Loumiet has advised numerous clients for more than 30 years in the business and financial services fields in the United States and abroad.
About Hunton & Williams LLP
Hunton & Williams LLP provides legal services to corporations, financial institutions, governments and individuals, as well as to a broad array of other entities. Since our establishment more than a century ago, Hunton & Williams has grown to more than 1,000 attorneys serving clients in 100 countries from 19 offices around the world. While our practice has a strong industry focus on energy, financial services and life sciences, the depth and breadth of our experience extends to more than 100 separate practice areas, including bankruptcy and creditors rights, commercial litigation, corporate transactions and securities law, intellectual property, international and government relations, regulatory law, products liability, and privacy and information management.