Colombia to gain access to US$400 million loan from CABEI

Colombia's finance minister Mauricio Cardenas said the country will gain access to a loan of US$400 million the Central American Bank for Economic Integration (CABEI) for infrastructure projects. Around $200 million will finance 4G motorway concessions. The rest will be used on projects that involve CABEI founding members such as Nicaragua, El Salvador, Costa Rica, Honduras and Guatemala. The announcement was made during the 55th CABEI governors’ assembly in Medellin, Columbia, in April. Colombia has
April 27, 2015 Read time: 2 mins
Colombia's finance minister Mauricio Cardenas said the country will gain access to a loan of US$400 million the 863 Central American Bank for Economic Integration (CABEI) for infrastructure projects.

Around $200 million will finance 4G motorway concessions. The rest will be used on projects that involve CABEI founding members such as Nicaragua, El Salvador, Costa Rica, Honduras and Guatemala. The announcement was made during the 55th CABEI governors’ assembly in Medellin, Columbia, in April.

Colombia has been a non-regional member of CABEI since 1996.  

CABEI is the main provider of development-oriented financial resources to the region. Its 2015-2019 strategy called ‘Integrating Sustainable Development and Competitiveness’ includes nearly $9 billion for social development, competitiveness and regional integration.

Meanwhile, Colombia's national infrastructure agency ANI receive proposals for a contract to improve the motorway between Villavicencio and Yopal. The project will cost around $1 billion and include new roads and maintenance of work on existing routes.

ANI recently received seven proposals for a road project between Sisga and El Secreto. Bidders were Promesa de Sociedad Futural Transversal del Sisga; Icein Ingenieros Constructores; Infraestructura Vial para Colombia; Estructura Plural Pavimentos Colombia-Industrias Asfalticas; Infracon; PSF Concesion Vial Valle de Tenza; and Estructura Plural Centro Oriente.
Finance & Funding

For more information on companies in this article

Related Content

  • Progress for new highway project in Colombia
    June 5, 2014
    In Colombia the firm Estructura Plural Mario Alberto Huertas-Constructora MECO has been awarded the Girardot-Puerto Salgar 4G highway concession. The US$674 million concession was awarded following a short delay due to legal complexities by Colombia's national infrastructure agency ANI, reports Business News Americas. The 214km Girardot-Puerto Salgar highway is in central Colombia and the concession package includes the construction of 190km of the route, of which 22km will be totally new. A 135km stretch w
    Read More
  • Columbia’s Agencia Nacional de Infraestructura nears PPP deal
    October 21, 2014
    Columbia’s Agencia Nacional de Infraestructura (ANI) will announce the winning consortium for the country’s first public-private partnership (PPP) road project in November. The 235km project will be the second road linking Ibague and Cajamarca. A consortium made up of Colpatria, Latinco, Mincivil, HB Estructuras Metalicas and Termotecnica Coindustrial is bidding for the contract that is expected to need nearly US$21millon in funding. Construction will be done in five different sections and conducted
    Read More
  • Colombian highway projects being agreed
    March 22, 2017
    Interest is proving strong in Colombia’s Pamplona-Cucuta 4G motorway project, which is currently undergoing the tender process. The country’s National Infrastructure Agency (ANI) has had three bids so far for the project. The 62km stretch of road will be built in Colombia’s Norte de Santander department. The project is expected to cost in excess of US$515 million. So far ANI’s bids have come from CCA Civil Colombia, the Colombia-based subsidiary of Spanish contractor Sacyr, as well as the consortium Estruct
    Read More
  • Colombia’s massive highway programme is moving forward
    June 13, 2017
    Colombia is pushing ahead with its 4G road development programme. Progress is being made with the construction of the Girardot-Honda-Puerto Salgar road connection, which is expected to cost US$518.6 million and is around 37% complete.
    Read More

Highlighted Content