English 
Español 
Panama, January 7, 2026. Morgan & Morgan advised Banistmo Investment Corporation, S.A. in its role as: (i) trustee of the guarantee trust for financing and (ii) trustee of the trust required under applicable regulations for the Eastern Pan-American Highway Rehabilitation Project. This Project is one of the most important public infrastructure projects currently underway in the Republic of Panama, and the first project in the country developed under the Public-Private Partnership (PPP) model.
The financial closing, presented by the PPP Contractor APP Ruta del Este de ISA Vías for an amount exceeding US$281,000,000.00, represents the most important “Project Finance” transaction in the region and an unprecedented achievement for Panama.
This milestone confirms that the project has a solid financial structure that ensures its execution and completion and reaffirms the role of the Ministry of Public Works (MOP) as the contracting entity representing the Panamanian State and the main promoter of this mega project, aimed at modernizing and strengthening the national road network—marking a turning point in public infrastructure investment in the country.
This mega project, which stretches from the corregimiento of Las Garzas in the district of Panama to Yaviza in Darién, covering 246.2 kilometers, currently shows a physical progress of 9.4%. This progress has been made possible thanks to the coordinated participation of a broad group of international and local banking institutions, as well as specialized financial, technical, and legal advisors, whose involvement provided support and strength to an operation structured under the highest standards of the PPP investment model.
Partner Kharla Aizpurua O. and associate Miguel Arias M. advised Banistmo Investment Corporation, S.A. in this transaction.
For full details, you can access the complete official press release here.