Odinsa, the company responsible for the Aburrá Oriente tunnel concession, has announced the successful closing of the COP700 billion (US$176.13 million) bond issue of the Concession. The refinancing demand for the project is COP1.10 trillion (US$276.79 million). The bond issued received an AA+ credit rating from BRC Standard & Poor's, and Bancolombia Capital acted as coordinator and leading placement agent for the transaction.
Aburrá Oriente tunnel facilitated traffic of more than 15 million vehicles in the last 2 years since it began operations. The tunnel also managed to strategically interconnect the valleys of Aburrá (Medellín) and San Nicolás (Rionegro) and reduce travel times by 55% between these subregions in Antioquia through tunnels, viaducts, and road interchanges.
BBVA and Bancolombia co-structured and signed a bridge loan agreement to finance the Preliminary Phase of the First Line of the Bogotá Metro. The bridge loan amounts to COP678 billion (US$...
Read moreThe National Planning Department (DNP) in Colombia has completed the pre-feasibility study for the regional hospital complex project in Fusagasugá. The project is planned to be procured under p...
Read moreThe National Infrastructure Agency (ANI) of Colombia has opened the economic offers on November 30, 2021, for the Avenida Longitudinal de Occidente (ALO) Sur road PPP project in Bogotá...
Read moreThe National Infrastructure Agency has announced the further suspension of the public tender for the development of the Accesos Norte II highway project in Colombia. The suspension period will b...
Read moreMota Engil and Coherpa-Icein, project owners for the Ibagué-Honda-Cambao-Manizales corridor concession, have secured COP458 billion (US$116.76 million) funding from Bancolombia, IPC,...
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