Colombian company, Elecnorte S.A.S, is seeking a financing package from the International Finance Corporation (IFC) of World Bank for its planned electric power transmission project in La Guajira, northern Colombia.
The project involves the design, construction, operation, and maintenance of a 138km, 100kv regional transmission line and the refurbishment of three existing sub-stations. It is expected to cost about US$116.7 million and will be financed through a 75:25 Debt to Equity ratio.
Elecnorte proposed a loan of up to US$20 million, a B/MCPP Loan for up to US$70 million and the remaining US$29.2 million will be sourced from capital sponsors. IFC intends to provide the full financing package through its mobilization in local currency. The proposal is scheduled to be considered by the IFC Board on 19 March 2019.
Country updates
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January 16, 2019
Colombian government authorises US$200 million to highway concessionaire creditors
The National Infrastructure Agency (ANI) of Colombia has authorised a second payment to creditors of the Ruta Del Sol 2 highway concession of COP627 billion (~US$200 million). The concession was awar...
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November 30, 2018
Colombian highway 32% complete according to concessionaire
Autopistas del Nordeste S.A.S has announced that construction of the Conexion Norte highway, which will link Remedios, Segovia, Zaragoza and Caucasia, located in Antioquia, north-west Colombia, is 32%...
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November 28, 2018
CDPQ to co-invest in Colombian infrastructure with FDN
Caisse de dépôt et placement du Québec (CDPQ) has announced that it has launched an infrastructure co-investment platform with Financiera de Desarrollo Nacional (FDN), th...
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October 31, 2018
US$525 million financing secured for 4G road project in Colombia
The Ministry of Transport of the government of Colombia and the national development bank Financiera de Desarollo Nacional (FDN) have announced that the Bucaramanga-Barrancabermeja-Yond...
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August 20, 2018
Sacyr signs construction financing for Rumichaca-Pasto highway project in Colombia
Sacyr has announced the signing of loan agreements for a total amount of US$60 million for the Rumichaca-Pasto highway project in Colombia, which is part of the Fourth Generation (4G) T...
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