McDermott Will & Emery's London office has advised on a Greek infrastructure project worth an estimated €1.42bn (£1.07bn).

McDermott fielded a team under project finance partner Andrew Watson, including London finance partner Cam Brockie and associates from both the London and Brussels offices, to advise the project's sponsors, Elliniki Technodomiki and Intracom Holdings.

The infrastructure project includes a 30-year concession for the design, construction, maintenance, financing and operation of a 205km motorway that will improve access to the Peloponnese from Athens and Northern Greece. The two-lane motorway will connect Korinthos, Tripoli, Kalamata and Sparti.

It is the third part of the Greek Government's current €7bn (£5.3bn) programme of infrastructure public-private partnership (PPP) projects on which McDermott has advised Elliniki and Intracom, with McDermott's projects team involved from the initial bid stage in 2005.

Watson said: "The Greeks have been shown where our PPPs went wrong, ironed any issues out and have really taken to the model. So far, it has worked very well."

He told Legal Week the firm was hoping to get involved in similar motorway projects in Serbia and Romania, which are planned for next year.

McDermott advised opposite Allen & Overy (A&O) and Lovells for the lenders and the project was supported through €885m (£674m) of commercial and European Investment Bank (EIB) debt.

A&O London project finance partner Charles Lindsay advised the mandated lead arrangers and underwriters Bayerische Hypo-und Vereinsbank, BNP Paribas and the Royal Bank
of Scotland.

Meanwhile, Lovells advised EIB fielding a team under Dubai project finance partner Shibeer Ahmed.