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

  • Spanish firm carrying out Chilean projects
    April 25, 2012
    Spanish contractor Sacyr is to work on two major highway projects in Chile in Concepcion and Iquique, as well as a 78km road in the Tarapaca region. The firm will finance the work using a loan of US$390 million from Chilean financial services company CorpBanca. The 78km road will cost $113 million, while $276 million will be spent on the work linking Concepcion and Cabrero.
    Read More
  • Colombia’s massive highway programme is moving forward
    June 13, 2017
    Colombia is pushing ahead with its 4G road development programme. Progress is being made with the construction of the Girardot-Honda-Puerto Salgar road connection, which is expected to cost US$518.6 million and is around 37% complete.
    Read More
  • Major highway improvement project on track in Colombia
    February 29, 2016
    In Colombia plans are now in hand for a major highway improvement project. Concesión Pacífico Tres is joint concession operator of the tolled links for Colombia’s major commercial regions connecting with the Pacific port hub. US firm Milbank, Tweed, Hadley & McCloy has provided advice to Colombian Concessionaire Concesión Pacífico Tres SAS and its sponsors, MHC Ingeniería y Construcción de Obras Civiles and Construcciones El Cóndor, and Costa Rica’s infrastructure company Constructora MECO. The advice was
    Read More
  • Funding secured for Philippines road projects
    February 15, 2019
    A loan package has been sourced for the Cebu Cordova Link Expressway project in the Philippines.
    Read More

Highlighted Content