Skip to main content

Colombia highway project – moving ahead as financing secured

The financing includes loans and funds and is being provided jointly by Colombia's national development bank Financiera de Desarrollo Nacional (FDN), Spain's Official Credit Institute (Instituto de Credito Oficial) and debt funds Ashmore-Caf and Blackrock.
May 29, 2018 Read time: 1 min

The financing includes loans and funds and is being provided jointly by Colombia's national development bank Financiera de Desarrollo Nacional (FDN), Spain's Official Credit Institute (Instituto de Credito Oficial) and debt funds Ashmore-Caf and Blackrock. The 137km highway project will see the upgrade of an existing link connecting Colombia’s Casanare Department, Cundinamarca Department and Boyaca Department. The project will not be without its technical challenges as the route also involves upgrades to 53 bridges and 15 road tunnels.

Related Content

  • Colombia’s tunnel of woe faces further setback
    May 19, 2017
    The troubled tunnel construction project in Colombia to build the La Linea link has faced yet a further setback in its long tale of woe. The tender for the completion of the final 12% of the tunnel project has not managed to attract any interest from contractors. The budget for this work is an estimated US$77 million. A new tender process is being launched, with a submission deadline of 6th June 2017 and planned winner announcement on 4th July 2017. The contractor that had been building the tunnel failed to
  • Kenya highway project financing resolution
    May 17, 2018
    Construction work on Kenya’s vital Mombasa-Nairobi highway upgrade project is now going ahead as planned. A resolution has been achieved that will solve the funding issues that had threatened to delay the project. The project will cost nearly US$3 billion in all and is crucial for the country’s economic development as it will provide a new four lane highway connecting Kenya’s capital, Nairobi, with its largest port at Mombasa. But there were concerns that the funding method based on a series of loans that w
  • Funding for Cameroon road project
    October 11, 2021
    Funding is being secured for a key Cameroon road project.
  • Bolivia dual carriageway project stalled
    September 12, 2016
    Work remains at a halt on the 70km dual carriageway upgrade connecting Yapacani with Montero in Bolivia’s Santa Cruz department. A disagreement between the Mexican construction company that was building the link, Tradeco, and Bolivia’s road administration department, ABC, resulted in the contract being cancelled. The route, Highway 4, runs from Yapacani through Santa Fe, San Carlo and Portachuelo to Montero and the project was intended to improve the road and boost its capacity by increasing the number of l