BBVA and Bancolombia co-structured and signed a bridge loan agreement to finance the Preliminary Phase of the First Line of the Bogotá Metro. The bridge loan amounts to COP678 billion (US$170.60 million), distributed equally between the two banks and for a total term of up to 36 months. This financing aims for sustainable development of infrastructure with utilization of natural light and ventilation as well as operation of trains on clean electrical energy.
The concessionaire consortium of China Harbour Engineering and Construction Company (CHEC) and Xi'an Rail Transit Group will use the investment amount for the preliminary Phase of the project, such as the completion of the studies and detailed designs, the execution of works to adapt the lands of the workshop yard and the initial works of the road interchange on Calle 72.
Clifford Chance and Junhe acted as legal advisor for the transaction.
Country updates
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December 07, 2021
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