Skip to main content

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.

For more information on companies in this article

Related Content

  • Plans in hand for Colombian highway project
    December 5, 2013
    The Colombian authorities have plans in hand for a US$240 million highway upgrade project. In all, 10 groups have been pre-selected for the tender process for the work, according to a report by Business News Americas. The project is for upgrades and improvements to a 173km stretch of the Puerta de Hierro-Cruz del Viso highway. This work includes improvements to access roads in the area, which lies in Colombia’s northern Sucre, Bolívar and Atlántico departments. The country’s infrastructure agency, ANI, has
  • Funds approved for Spain's tolled highway project
    May 15, 2012
    Funding for a road project in Spain is being set out by contractor Sacyr. The savings banks Caixanova and Unicaja will provide the funding, which will allow work to be completed on a 24.5km stretch of the AP-46 toll road linking Malaga and Alto de Las Pedrizas as to date only half of the work has been finished on the €367 million project. A further €200 million is required, with Sacyr providing the rest from its own sources.
  • Funding for Cameroon road project
    October 11, 2021
    Funding is being secured for a key Cameroon road project.
  • Colombia sets out major strategy for highway investment
    January 19, 2015
    International interest is strong in Colombia’s infrastructure expansion. Five foreign firms are competing in the country’s 4G road tender process. Fomento de Construcciones y Contratas (FCC), Sinohydro, Sacyr, Tradeco and ICA are amongst the companies competing for 10 contracts worth some US$5.88 billion. The first project opening for tender on 19th May 2015 will be for the Puerta de Hierro-Carreto-Palmar de Varela and Carreto-Cruz del Viso routes. The final tender documents for the 10 projects are being pu