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

  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More
  • Ecuador to receive proposals for El Oro and Guayas motorway
    July 29, 2015
    Ecuador's Transport and Public Works Ministry will receive proposals for a 95km motorway between El Oro and Guayas provinces this month. Seven firms are reportedly interested in building the motorway under a 30-year concession and work could start by the end of the year, according to a report in the Telegrafo newspaper. The motorway will have three toll booths that each will charge US$1.50. (EUR 1.37) each. The winner will operate the concession for 30 years. The road will have a length of 95kms. The c
    Read More
  • East End Crossing Project—Availability payment P3 in action
    July 14, 2017
    Indiana exercised its authority to use a P3 contract when it partnered with Kentucky for new bridges across the Ohio River. Barney Allison and John Smolen* explain the groundbreaking availability payment deal. Earlier this year, traffic began rolling over the new tolled Lewis and Clark Bridge spanning the Ohio River from northern Kentucky to southern Indiana. The cable-stayed bridge is part of the award-winning Ohio Bridges Project to untangle traffic within the greater metropolitan area of Louisville, Kent
    Read More
  • Colombia’s transport spending for infrastructure development
    July 5, 2019
    Colombia continues to develop its transport infrastructure, having set long terms plans to develop roads, bridges and tunnels, as well as rail links and airports. The country’s Ministry of Finance is budgeting over US$28.53 billion for transport development works for the 2019-2042 period. One of the key priorities is for the 4G road programme. The PPP model is being used for around 60% of the key transport development projects.
    Read More

Highlighted Content