Devlin_Roderick_26096-08_web

Roderick N. Devlin



Roddy Devlin is a partner in Nixon Peabody’s Project Finance and Public Finance group. He has extensive project finance experience and is a globally recognized leading lawyer in the public-private partnership(P3) space. Roddy is a sought after writer and speaker on P3-related topics. He has received recognition from both Chambers USA and Chambers Global for his work.

What do you focus on?

I assist private and public sector parties in developing, financing, consummating, operating and maintaining significant infrastructure projects domestically and overseas, with a particular focus on P3s.

On the private side I represent project sponsors, lenders, underwriters and construction companies in their P3 and project development efforts in a wide range of sectors. No two projects are the same and no two sectors are the same. With this in mind, I ensure that my team includes the sector and subject matter experts required to provide my clients with optimal outcomes.

I have also assisted a number of public entities in coming to the market with their first P3 projects. P3s raise myriad complicated issues for the public sector owner. I assist my public sector clients in assessing and properly allocating the key project risks among project participants in a manner that serves the goals of the owner and the needs of public users.

Global Scope

I have been involved in P3 transactions across the United States, the Caribbean, South America and Europe. These projects have involved roadways, airports, bridges, ports, water projects and entertainment assets. For example, I advised the bond issuer in connection with the multi-source financing of the $4 billion LaGuardia Airport Central Terminal P3 project in New York City, procured by The Port Authority of New York and New Jersey. The $2.6 billion of bonds issued for this project is the largest bond issuance to date for a U.S. P3 project.

What do you see on the horizon?

There is wide recognition that U.S. infrastructure—from roads, bridges and airports to water systems, schools and civic buildings—requires significant new investment, both to maintain existing assets at an acceptable level and to add necessary additional assets.

I believe that P3s will be an important part of the solution. Although not right for every project, a properly structured P3 can tap the technical know-how and efficiencies of the private sectors, as well as private sector financing, while allowing the public owner to continue its traditional role of ensuring that infrastructure assets are properly operated and maintained to meet the needs of the public users.

Representative experience

  • Advising bond issuer in connection with the multi-source financing of the $4 billion LaGuardia Airport Central Terminal P3 project in New York City, procured by The Port Authority of New York and New Jersey. The $2.6 billion of bonds issued for this project is the largest bond issuance to date for a U.S. P3 project.
  • Representing the lenders to a shortlisted bidding team in connection with I-70 East Project in Colorado being procured by the Colorado Department of Transportation (CDOT) and the High Performance Transportation Enterprise (HPTE).
  • Representing the City of Phoenix on their P3 projects at Sky Harbor International Airport in all aspects of their procurement process.
  • Representing Westchester County in all aspects of their P3 procurement with respect to its airport.
  • Acting as P3 counsel to shortlisted bidding consortium on the Southport Marine Terminal Complex P3 project in Pennsylvania being procured by the Philadelphia Regional Port Authority.
  • Acting as lenders counsel to shortlisted bidding team on the Transform 66 (Outside the Beltway I-66) P3 greenfield project in Virginia being procured by the Virginia Department of Transportation (VDOT).
  • Acting for lenders in connection with a proposal to Pennsylvania’s Northampton County for its bridge rehabilitation and replacement P3 project.
  • Represented the lenders to a shortlisted bidding team in connection with the I-285 & SR 400 Reconstruction DBF Project in Georgia.
  • Advised Georgia Department of Transportation in connection with its $833.7 million Northwest Corridor P3 Project in Atlanta, Georgia, including drafting of procurement documentation and underlining P3 agreement and overseeing procurement process.
  • Advising equity team in connection with the successful proposal for the I-4 Ultimate Managed Lanes P3 Project in Florida, a $2.3 billion availability payment project.
  • Representing the Miami-Dade Water and Sewer Department in Florida as P3 counsel in connection with the initial feasibility analysis for the South Miami Heights Water Treatment Plant P3.
  • Representing design/build team in connection with proposal for the Knik Arm Bridge P3 in Alaska.
  • Acting as P3 counsel to a bidding consortium in connection with the Goethals Bridge P3 Project in New York, procured by The Port Authority of New York and New Jersey.
  • Acting as P3 counsel to one of the shortlisted bidding teams in connection with the Presidio Parkway Project in California procured by the California Department of Transportation (Caltrans), one of the first U.S. projects to use the availability payment structure.
  • Represented project sponsor in connection with a proposed EuroVegas Casino Project and entertainment complex near Budapest, Hungary. The project was being developed pursuant to a governmental concession agreement.
  • Advised Georgia Department of Transportation (GDOT) in connection with its proposed Atlanta Multi Modal Passenger Terminal (MMPT) project in downtown Atlanta (to provide connections between commuter rail, high speed rail, regional commuter bus lines and train services).
  • Advised the Schiphol-controlled JFK International Air Terminal LLC in connection with the financing, management and operation of the new Terminal 4 facility at John F. Kennedy International Airport in New York City. This was one of the first airport P3 projects undertaken in the U.S.
  • Represented a major monoline insurer in connection with the $1.07 billion multi-source financing of Autopista Central Toll Road, an electronically tolled urban toll road project in Santiago, Chile. This was the first toll road in Chile to be financed by dual U.S. and Chilean offerings. The project was awarded Euromoney Magazine’s award as “Best Project Finance Deal” in Latin America.
  • Represented Aeroflot, the operator of Terminal 3 at Sheremetyevo Airport in Moscow, in connection with the proposed financing and construction of a new international terminal at the Airport.
  • Represented a monoline insurance company in connection with the $440 million multi-source financing of Americo Vespucio Norte Toll Road, an electronically tolled urban toll road concession in Santiago, Chile. The transaction was the recipient of Latin Finance Magazine’s “Best Project Finance Deal” award.
  • P3 counsel to institutional lenders in the financing of the Camino Columbia P3 toll road in Texas.
  • P3 counsel to the private consortium selected to undertake the establishment, construction and operation of a proposed new airport for the Chicago metropolitan area on a public-private partnership basis.
  • Represented a major monoline insurance company in the $750 million financing of the Santiago-Talca Toll Road in Chile. This project was recognized as a “Deal of the Year” by Project Finance Magazine.
  • Represented a major monoline insurance company in the financing of both the Chillán-Collipulli Toll Road and the Collipulli-Temuco Toll Road in Chile. The later was given a “Deal of the Year” award by Project Finance Magazine.

Publications & Presentations

  • “Best Practices in Deal Structuring & Contract Management,” 2019 Public Private Partnership Airport Summit, San Diego, CA, July 2019
  • “Best Practices in Risk Allocation and Surety,” 2019 Public Private Partnership Airport Summit, San Diego, CA, July 2019

Bond Buyer’s Top 10 of 2018

The Bond Buyer | December 20, 2018

The Bond Buyer’s story on the arrival of New York City Project Finance and Public Finance partner Roddy Devlin at Nixon Peabody was the third most-read article of 2018.

Design-build a vehicle to fix New York City’s highway to hell

Bond Buyer | October 01, 2018

New York City Project Finance & Public Finance partner Roddy Devlin is quoted in this story about the advantages of using a design-build model for the pending reconstruction of a portion of the Brooklyn-Queens Expressway.

Garden State law to advance P3s, but obstacles remain

Inframation News | October 01, 2018

New York City Project Finance & Public Finance partner Roddy Devlin is quoted in this article about new legislation in New Jersey designed to expand to state’s ability to improve infrastructure through P3 projects.

Cautious welcome for NJ P3 bill

P3 Bulletin | July 25, 2018

New York City Project Finance and Public Finance partner Roddy Devlin is quoted in this article discussing a recent bill passed by New Jersey legislators that could increase the frequency of public-private partnership (P3) projects.

LaGuardia AirTrain RFQ expected to be issued by year end

InfraAmericas | June 26, 2018

New York City public finance and project finance partner Roddy Devlin is quoted in this article discussing the advantages of using a public-private partnership to complete “key public projects that have to be brought in on schedule.”

U.S. airports on the runway

Project Finance International | June 25, 2018

Project Finance and Public Finance partner Roddy Devlin, together with group leader Ken Lind and partner Virginia Wong, all from New York City, contributed this article on the increasing usage of the P3 model in U.S. infrastructure projects.

Podcast: The art of the P3

The Bond Buyer | June 21, 2018

New York City public finance and project finance partner Roddy Devlin is a guest on the Bond Buyer podcast and shares his experience in public-private partnerships, infrastructure and design build; and discusses Nixon Peabody’s strength in the growing P3 sector.

Nixon Peabody scoops up P3, project finance pro in NY

Law360 | May 24, 2018

Media coverage of the arrival of New York City public finance and project finance partner Roderick “Roddy” Devlin continues with this profile in Law360, which highlights some of Roddy’s largest recent deals, including the $4 billion public-private partnership to upgrade New York’s LaGuardia Airport.

Nixon Peabody beefs up NY real estate group with new partner, new practice

American Lawyer | May 23, 2018

Affordable housing and real estate partner Erica Buckley and project finance and public finance partner Roddy Devlin are both quoted in this article announcing an expansion of our real estate practice in New York City.

Contact

Roderick N. Devlin

Partner

New York

Phone: 212-940-3737


Fax: 844-807-9842

University of Pennsylvania, LL.M.

The University of Edinburgh, Diploma, Legal Practice

University of Aberdeen, LL.B.

New York

  • Selected, through a peer-review survey, for inclusion in The Best Lawyers in America© 2020 in the field of Project Finance Law
  • Recognized as a “Leader in the Field” for Project Finance in Chambers Global 2019 
  • Recognized in Chambers USA 2019 edition for Projects: PPP (nationwide); also recognized in previous years

Fellow of the American College on Investment Counsel (ACIC)

Back to top