The Bancolombia Group has announced that it will provide financing of COP191,700 million (US$50.10 million) for the Santa Marta – Paraguachón road concession in Colombia. It acted as the leading structuring agent and underwriter of 100% of the financing for the concession.
The scope of the project involves the development of a road corridor that connects Santa Marta with Riohacha (La Guajira) and Paraguachón. The project aims to improve the connectivity of the municipalities of the Caribbean Coast along its 285 kilometers.
BlackRock Investment Fund had acquired the concession in 2021 and now is responsible for the operation and maintenance of a road. The project is expected to be completed in July 2030.
Country updates
-
-
February 16, 2022
Sacyr provides financing for Rumichaca - Pasto highway PPP project
Sacyr Concesiones together with Sudinco has financed the Rumichaca-Pasto 4G project in Nariño, on the border between Colombia and Ecuador. The 83 km highway PPP project includes the develo...
Read more -
February 14, 2022
Tender process continues for 2 road PPP projects in Magdalena
The tender process for two road PPP projects in the Magdalena region of Colombia under the Bicentennial Concessions is still ongoing. The Sabana de Torres- Curumani corridor project includes th...
Read more -
February 10, 2022
Tender launched for Metro de la 80 LRT PPP project in Medellín
The Municipality of Medellín in Colombia has launched the contractual process for the Metro de la 80 LRT concession. The LRT will be 13.25 kilometers long connecting the north of Medellin...
Read more -
January 28, 2022
Financial close achieved for Cambao - Manizales road PPP project in Colombia
The Cambao-Manizales toll road PPP project in Colombia has reached a financial close of US$114 million. The financing is broken down into three tranches: the first tranche values US$41.2 millio...
Read more -
January 20, 2022
Contract signed for Avenida Longitudinal de Occidente (ALO) Sur PPP project in Bogotá
The National Infrastructure Agency (ANI) of Colombia has signed the contract with Plural Structure ALO Sur for the Avenida Longitudinal de Occidente (ALO) Sur road project, the second initiative...
Read more
