IDB Group and FDN sign on Colombia investment
The Inter-American Development Bank (IDB) and Financiera de Desarrollo Nacional (FDN) have signed an agreement equivalent to approximately US$200 million to promote infrastructure investments in Colombia.
FDN will provide up to COP330 billion (US$110 million), and the IDB up to COP270 billion (US$90 million) for long-term lending in local currency.
The loan proceeds will be allocated by IDB Invest and the IDB to finance infrastructure projects in Colombia, including public-private partnerships (PPP). In particular, this loan will give a big boost to the 4G Track Program, and it is expected to help accelerate financial closures.
This project is the first agreement signed under the new IDB Invest brand, as a private sector arm of the IDB Group. It also emphasizes the focus on PPPs to close the infrastructure financing gap and the importance of leveraging local currency to adapt products to the needs of clients.
Country news
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September 28, 2017
IIC to back Colombian 4G highway
The Inter-American Investment Corporation (IIC) a member of the IDB Group is negotiating with the SPV behind the Santander de Quilichao - Popayán highway PPP to join lenders on the US$513-million financing package for the project.
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September 22, 2017
EOI for Colombian road PPP
The government of La Guajira has issued a request of Expressions of Interest (EOI) to invite companies to participate in the tender process for another road PPP project.
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August 17, 2017
Grupo Argos sells 50% of ports portfolio to Goldman Sachs
Grupo Argos, a Colombian infrastructure, energy and cement investor, has signed a share purchase agreement with West Street Infrastructure Partners III, investment fund managed by Goldman Sachs, so that the latter acquires 50% of the ports operator Compañía de Puertos Asociados (Compas).
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August 11, 2017
ANI cancels rail concession
Colombia's national infrastructure agency ANI has canceled a contract to repair and operate a 498-kilometer railway.
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July 26, 2017
WSP Announces Acquisition of LatAm firm Poch
WSP Global Inc. has announced that it is pursuing its expansion in Latin America through the acquisition of Poch, a 730-employee professional services firm based in Chile. The firm has additional offices in Peru, Colombia and Mexico.
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