Colombia highway construction projects secure funding

A finance source has been secured for major highway projects in Colombia. The Rumichaca-Pasto and Montes de Maria highways are being constructed by Spanish contractor Sacyr. A package of loans worth a total of US$110 million will pay for the highway work. This financing is being supplied jointly by CIFI, Banco BTG Pactual Cayman Branch and Banco Pichincha Panama.
August 22, 2018 Read time: 1 min

A finance source has been secured for major highway projects in Colombia. The Rumichaca-Pasto and Montes de Maria highways are being constructed by Spanish contractor 3959 Sacyr. A package of loans worth a total of US$110 million will pay for the highway work. This financing is being supplied jointly by CIFI, Banco BTG Pactual Cayman Branch and Banco Pichincha Panama.

Finance & Funding

For more information on companies in this article

Related Content

  • Hungary road project, funding secured
    September 11, 2019
    Funding has been secured to help pay for an important road project connecting Hungary with neighbouring Slovakia. The EU is supplying €552.6 million, which will be used to improve the motorway that connects Hungary’s industrial city Miskolc with Tornyosnémeti, lying on the border with Slovakia. The work will include widening a 60km stretch of the existing route and constructing 48 new bridges. Construction is expected to be complete in the first quarter of 2022. The project is being financed through the EU’
    Read More
  • Solution found for Colombian tunnel project?
    March 12, 2015
    A solution seems to have been found for Colombia’s long-running La Linea Tunnel project. Work has been delayed on the tunnel for a number of reasons and on a number of occasions, most recently due to funding issues. But previous delays were due to such diverse causes as technical challenges posed by the difficult conditions and a lack of suitable insurance cover. The Colombian Government has come to an agreement with the Segundo Centenario consortium building the tunnel that will see construction activity r
    Read More
  • Tunnel for Colombia’s Calarca – Cajamarca Highway
    May 23, 2014
    A new tunnel is forming an important link for a major Colombian highway - Mauro Nogarin reports Work on a major highway project is underway in Colombia, forming part of the Bogota-Buenaventura Corridor. The highway has a length of 503km and is located in central Colombia, connecting the departments of Tolima and Quindio, across the central Andes, with a total cost of around US$330 million. A key section of the project consists of building a unidirectional tunnel of approximately 8.65km in length. Anot
    Read More
  • Panama plans projects
    February 10, 2012
    Panama City will benefit from four road contracts worth a total of US$112.4 million awarded to deal with transport upgrades.
    Read More

Highlighted Content