ARIFA is recognized with the LatinFinance Award for Infrastructure Law Firm of the Year in Central America
Key players in Latin America’s infrastructure and project finance community met once again at the annual LatinFinance Project & Infrastructure Finance Awards Dinner in New York on October 1, 2026, and Arias, Fábrega & Fábrega proudly received the distinction of Infrastructure Law Firm of the Year for Central America.
ARIFA wishes to dedicate this special recognition to its clients and friends, whose trust and confidence made it possible. Partner Estif Aparicio, part of the ARIFA delegation receiving the award noted: “The award corresponds to an extraordinary moment for infrastructure development in Panama that we at ARIFA are happy to contribute to in support of our colleagues and clients and ultimately the beneficiaries of these marquee projects.”
ARIFA's recognition was underscored by the firm's role as Panamanian counsel on multiple project transactions, including two of the evening's award-winning transactions:
• Power Financing of the Year — The US$1.05 billion senior secured Panama registered notes offering by Generadora de Gatún, S.A., alongside an LC Credit Facility of up to US$134 million, representing total potential financing of approximately US$1.18 billion. ARIFA served as Panamanian counsel to the Initial Purchasers and Lenders in one of the largest bond issuances and market debuts by a private company in Central America and the Caribbean.
• Infrastructure Deal of the Year for Central America — The US$1.5 billion Panama Metro Line 3 Tunnel financing, groundbreaking receivables purchase facility to finance the construction of the first tunnel under the Panama Canal. ARIFA served as Panamanian counsel to IDB Invest, Citibank, JPMorgan, Mizuho, Deutsche Bank, Santander, BBVA, the Export-Import Bank of Korea (KEXIM), and a syndicate of other major international financial institutions.
Member of ARIFA’s banking and finance teams, including Partner Estif Aparicio, Partner Cedric Kinschots, Partner Javier Yap, Partner Fernando Arias F., associates Donald Canavaggio, Ana I. Quijano, Nicolás Ramos, Daniel Abad and Joshua Harris, all participated in these award-winning transactions and made other important contributions to project finance during what has proved to be a banner year in project and infrastructure finance in Panama. In addition to both award-winning projects, ARIFA worked on several public health, road and transportation, energy and water infrastructure projects throughout 2025 and 2026.
The LatinFinance awards honored both law firms and financial institutions across the region with outstanding performance in infrastructure and energy finance over the past year. You may read LatinFinance press release here.
