Sacyr Concesiones has closed the financing for the concession of the Puerta de Hierro – Palmar de Varela and Carreto-Cruz del Viso highway in Colombia for US$ 185 million with the financial entities Banco Santander and BTG Pactual.

The closure guarantees the investment required of US$ 250 million to successfully build this 197-kilometer road project, located in the Caribbean region. Currently, the Puerta de Hierro project is in the construction phase and is more than 50% complete. Works are being carried out on approximately 95 work sites that generate 2,563 direct and indirect jobs.

The concessionaire has also carried out around 500 socio-environmental activities with the community, which have benefited over 6,000 people, including socialization, training, workshops, production projects, and seminars.

The concession includes the improvement of 165 kilometers of existing road and the construction of a 5.2 km-offshoot in the municipality of El Carmen de Bolívar, as well as the operation and maintenance of the entire 197-kilometer road corridor. This road will strengthen the ground connection between the interior and the port populations of the Caribbean and will allow for a greater connection from the west of the country to the Atlantic coast.