BCIE signs loan for Colombia road concession

The Central American Bank for Economic Integration (CABEI) has signed a contract with Concesión Alto Magdalena, S.A.S, the project company formed by Mario Alberto Huertas C. (75%) and Constructora Meco S.A. (25 %) to formalize its participation for up to US$136.0 million in a syndicated credit loan for the partial financing of the Honda - Puerto Salgar - Girardot corridor PPP in Colombia. Read more

Five bidders for Bogota Irardot road project

Colombia's National Infrastructure Agency (ANI) has received five proposals during the public hearing held for the development of the Bogotá-Girardot PPP-PI project, which is a public-private partnership initiated under a private initiative scheme.  Read more

Colombia's ANI announces FC for two projects

The concessionaire of the Cartagena-Barranquilla and Prosperidad bypass project issued bonds with a value of US$263 million. Goldman Sachs acted as bond arranger in the transaction. The total project financing raised now stands at US$499 million.

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Brookfield closes $14 Billion Global Infrastructure Fund

Brookfield Asset Management Inc. has announced that it held the final close on Brookfield Infrastructure Fund III (BIF III) with an aggregate of US$14 billion of equity commitments, creating a global infrastructure fund that invests in high-quality, core infrastructure assets on a value basis. BIF III marks the largest private fund raised by Brookfield and the largest private infrastructure fund ever raised in the industry. In the last 18 months, Brookfield has raised approximately US$27 billion across its flagship private fund strategies, including the close of its flagship real estate fund, Brookfield Strategic Real Estate Partners II at US$9 billion, and its flagship private equity fund, Brookfield Capital Partners IV at US$4 billion. All three funds surpassed their fundraising targets. Total capital commitments of BIF III exceed the original US$10 billion fundraising target, reflecting a robust investment pipeline and strong investor demand for the asset class. BIF III’s predecessor fund closed in 2013 with US$7 billion of total capital commitments. Investors in the Fund are a diverse group of over 120 institutional investors, including public and private pension plans, sovereign wealth funds, financial institutions, endowments and foundations and family offices. Brookfield committed US$4 billion to the Fund, ensuring alignment of interests with other Fund investors. Brookfield’s commitment will be funded through Brookfield Infrastructure Partners L.P. and Brookfield Renewable Partners L.P. To date, the Fund has committed to invest over US$3 billion in assets consistent with the Fund’s investment strategy, including a portfolio of U.S. hydroelectric facilities, a portfolio of Brazilian electricity transmission projects, a leading Colombian power generation company, a portfolio of Peruvian toll roads and a U.S. water infrastructure project developer.  Read more

Bid received for Bogota highway private inititative

Colombia's national infrastructure agency (ANI) has received a new proposal for the Accesos Norte de Bogotá road PPP project. The company who submitted the competitive proposal to the unsolicited bidder has been Copasa a Spanish construction company specialized in civil engineering projects. Read more