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

  • Stantec: coming to an infrastructure site near you
    April 13, 2017
    Acquisitive Canadian firm Stantec is snapping up more transportation expertise as it moves out of its home North American market. David Arminas reports. Last December, politicians from the US states of Kentucky and Indiana celebrated the opening of the second of two major bridges. A ribbon-cutting ceremony took place in cold wintry weather on the new 762m-long cable-stayed Lewis and Clark Bridge. The event marked the finish of the prestigious three-and-half-year Ohio River Bridges Project.
    Read More
  • Collaboration on road research and infrastructure innovation
    April 2, 2014
    Transnational collaboration on road infrastructure innovation is the aim of the ERA-NET Plus (EN Plus) Infravation event. The Infravation 2014 Call for this collaboration of 11 countries on road infrastructure innovation will be launched on 3rd March 2014. It will pool funding of some €9 million, of which one-third comes from the European Commission (EC). For the first time, the US Federal Highway Administration (FHWA) will also contribute funding to an EN Plus Call however. This is a major development and
    Read More
  • Slovakia: D4/R7 Bratislava bypass work to start early this year
    January 10, 2017
    Construction will start early this year on 59km of highway as part of the D4/R7 bypass of the Slovakian capital Bratislava. Ferrovial through its subsidiaries Cintra Infraestructuras and Ferrovial Agroman is leading the consortium on the public-private partnerships deal worth around €1.9 billion, according to media reports. Ferrovial reached financial close on the project in June, noting that their investment would be around €975 million. The first stage of the design, build, financing, operate and ma
    Read More
  • S&P highlights success of Californian managed lanes project
    August 11, 2014
    Standard & Poor (S&P) has given Orange County Transportation Agency’s (OCTA) SR91 link one of the highest ratings for managed highway lanes in the world. S&P’s upgraded the SR91 Express Lanes Toll Revenue Bonds to AA-. The bonds were issued last year to refund bonds that were issued in 2003 when OCTA acquired the SR91 Express Lanes project from the private consortium that developed the project under California’s prior P3 law. The 91 Express Lanes is a four-lane, 16km toll road built in the median of Califor
    Read More

Highlighted Content