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Saturday, December 3, 2022
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RJ advises Padrosa and TIIC on the launch of pan-European truck parking network

RocaJunyent has advised the transport services business group Padrosa and the transport and infrastructure sector specialist fund TIIC on the development of the first pan-European platform for safe parking areas for heavy goods vehicles

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The initiative aims to respond to the growing demand for safe parking while providing state-of-the-art services to ensure proper working conditions and social welfare for truck drivers.

Transport services business group Padrosa and transport and infrastructure sector specialist fund TIIC have partnered to develop the first pan-European platform of secure parking areas for heavy goods vehicles. The promoters have avoided specifying the investment figures for the initiative. Still, it points to an investment of millions to carry out “the design, construction, financing, operation and maintenance of the first phase of the project, to achieve 17 truck parking areas in six countries in Central Europe,” the two companies have stated.

The platform also includes a secure parking area for heavy goods vehicles already operated by Padrosa in Spain, located at exit 3 of the AP-7 motorway. Once the network is fully developed, the two firms said, the project will have 46 truck parking areas in 17 European countries. This set of car parks “will contribute to the ecological transition and digital transformation, through the development of a network of freight infrastructure together with logistics activities to industrialise road transport”, said Padrosa and TIIC. “The transition,” they added, “will also be supported in the future by a connectivity platform that enables trip monitoring to expand the efficiency of transport system operations ultimately”.

“The platform initiative aims to respond to the growing demand for safe parking while providing state-of-the-art services to ensure proper working conditions and address the social welfare of truck drivers,” the two companies said. Telam Partners coordinated the fundraising process, while Roca Junyent acted as legal advisor to Padrosa, and TIIC was advised by KPMG on tax and financial matters, Garrigues on legal matters and ALG on technical and commercial matters.

The CEO of TIIC, Manuel Cary, expressed his pride “to work together with Padrosa in the development of a new project that is fully aligned with the European objectives of sustainable transport and that will be a historic investment in terms of ESG standards and mobility”. For his part, the president of Padrosa, Pere Padrosa, pointed out that, in the “century-old tradition in the transport sector of our company, we have always been concerned about people, improving mobility, the safety of vehicles and goods and sustainability”.

The operation has been led by managing partner Joan Roca, partner Santi Pagès, senior associates Joana Banda and Lourdes Amigó de Bonet, and lawyer Sergio Giménez.

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