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

  • Chile’s capital Santiago’s key tunnel project
    October 24, 2017
    Chile’s capital Santiago now looks set to benefit from a new road tunnel link, which will cost up to US$900 million to construct. The Americo Vespucio Oriente I (AVO I) will stretch 9km through the city and will include a tunnel section. The project has been the focal point for discussions between the local authorities as well as the companies OHL and Sacyr.
    Read More
  • Mexico: no extended bid deadline for La Raza-Indios contract
    August 5, 2015
    Despite concerns from infrastructure groups, the Mexican government will not to extend the deadline for bids for the design, construction, operation and maintenance of the La Raza-Indios Verdes-Santa Clara motorway. Mexico’s Secretariat of Communications and Transport said the deadline remains as August 24 for the contract which will be a 30-year public-private partnership estimated to worth around $364 million.
    Read More
  • Funding for Sri Lankan highway upgrade work
    July 8, 2014
    A loan from the Asian Development Bank (ADB) worth US$800 million will help pay for a series of major road upgrades in Sri Lanka. The remaining $106 million required for the project will be provided by the Sri Lankan Government. The funding will pay for works to 2,200km of provincial and local roads as well as 400km of national roads. The work will help provide proper road connections to around 1,000 villages, with the loan being supplied in a series of payments. The first $100 million payment will be made
    Read More
  • Colombia’s road programme attracting foreign funding
    May 18, 2018
    Foreign financing looks likely for much of Colombia’s 4G road programme. Colombia's national infrastructure agency, ANI, has said that there are 13 funding sources from outside of the country that are keen to provide financing for the 4G road development plan. Those showing an interest include pension funds and capital funds. Chinese and Middle Eastern financing for Colombian road development is also a possibility. The list of financing sources already involved in Colombia’s 4G programme includes JP Morgan
    Read More

Highlighted Content