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

  • Spain looks to PPP to fund infrastructure projects
    May 10, 2012
    The regional authorities in the Spanish Andalucia region are looking to the PPP model to develop infrastructure projects. A total finance deal worth some €768 million should be raised using the PPP structure so as to pay for five projects, which includes three road contracts. However the region originally had plans for €2.6 billion worth of infrastructure projects. The PPP model is being seen as the best way to progress with much needed infrastructure work in Spain given the severe financial problems the co
    Read More
  • Uzbekistan road improvement programme
    September 11, 2020
    Uzbekistan’s road improvement programme is securing financing.
    Read More
  • Loans will help fund Kazakhstan road project
    May 16, 2013
    The International Bank for Reconstruction and Development (IBRD) is providing an infrastructure loan that will help fund a key road project in Kazakhstan. A major portion of this funding will be used to construct a key 79.5km portion of the new international transit corridor connecting Western Europe with Western China. The US$1.07 billion funding package is being provided by the IBRD for 19 years with a five-year grace period and the deal was agreed between the IBRD and the Kazakhstan Government. Further
    Read More
  • Funding secured for Congo road project
    December 14, 2021
    Funding has been secured for a Democratic Republic of Congo road project.
    Read More

Highlighted Content