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.

Road Structures

Related Content

  • Colombia’s infrastructure development
    December 2, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • Serbia highway project; financing secured
    May 24, 2019
    The Serbian Government has secured a financing package to help pay for a key highway project. A loan worth €385.8 million is being provided by China’s Export-Import Bank for the construction of the Preljina-Pozega highway. In addition, the Serbian Government is also being provided with an €867 million loan from China’s Export-Import Bank for the development of the Novi Sad-Subotica railway line.
    Read More
  • Chinese funding will help pay for Macedonia road project
    October 4, 2013
    In Macedonia a new 50km section of highway will be constructed, with €574 million of financing coming from China's Export-Import Bank. The Exim Bank credit line to Macedonia will be used to build a the highway connecting Skopje and Stip. The new route will also link Stip with pan-European transport corridor 10. The loan will carry an interest rate of 2% and will have a 20 year term with a five year grace period. Macedonia is close to completing work on the corridor 10 road project, which is worth €300 milli
    Read More
  • Bogota transport infrastructure boost
    April 26, 2016
    The Colombian Government is investing in road infrastructure development, with a large portion of the budget being directed to Bogota. The road infrastructure programme includes 22 projects that will help cut chronic congestion in Colombian capital Bogota. Construction works for Avenida Longitudinal de Occidente (ALO) road expansion are expected to start in the first half of 2016. These will run from the Mondonedo intersection to Boyaca Avenue, in the southern part of the city. The budget for this project i
    Read More

Highlighted Content