Vial Montes de María SAS, concessionaire of the Puerta de Hierro-Palmar de Varela and Carreto-Cruz del Viso road project, has secured a short-term bridge loan for an amount of US$50 million for the project.
The loan is backed by the Interamerican Corporation for the Financing of Infrastructure (CIFI); Banco Pichincha Panamá, SA, and Banco BTG Pactual SA, Cayman Branch. The latter acted as Mandated Lead Arranger of the financing.
The concessionaire, which is owned by SACYR Concesiones, was awarded the project in May 2015. It involves the design, construction, financing, operation and maintenance of upgrades to an approximately 200km road corridor in the north-west of the country, passing through the departments of Sucre, Bolivar and Atlántico.
It is part of the Fourth Generation (4G) Toll Roads concession programme and requires an estimated total investment of COP496.7 billion (US$163.6 million).
Country updates
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August 07, 2018
Tender opens for US$4.4 billion Bogotá metro PPP
As promised by the Mayor of Bogotá less than two weeks ago, the Bogotá Metro Company (EMB) has announced the opening of the tender to design, partially finance, construct, oper...
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August 02, 2018
IDB approves US$600 million credit line for Bogotá Metro
The Inter-American Development Bank (IDB) has approved a US$600 million conditional credit line for the Bogotá Metro. The first loan of the credit line, amounting to US$70 millio...
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July 30, 2018
US$900 million road project in Colombia reaches financial close
The Autopista al Mar 2 (Autopistas de Urabá) project, which involves a 254km highway that will connect Cañasgordas to Necoclí, in Antioquía, a department in north-west...
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July 25, 2018
The Mayor of Bogotá has announced that the tender for the project will open on 6 August
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July 23, 2018
Consultants appointed for Buenaventura Port PPP project
A joint venture composed by Deloitte, Durán & Osorio - CEMOSA - Cano Jiménez, has been awarded the structuring of the first Logistics Platform of Buenaventura within the Economi...
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