Financing found for Colombian key construction contract

Financing has now been secured for a key highway project in Colombia. The project is for the Bogota-Girardot 4G road concession, with a loan from Colombia's national development bank, Financiera de Desarrollo Nacional (FDN), providing the necessary financing.
December 19, 2017 Read time: 1 min

Financing has now been secured for a key highway project in Colombia. The project is for the Bogota-Girardot 4G road concession, with a loan from Colombia's national development bank, Financiera de Desarrollo Nacional (FDN), providing the necessary financing. The US$172.3 million loan is being provided to the Concesion Via 40 Express consortium, which will handle the private initiative project. The consortium comprises Vinci Highways, which holds a 50% share and Constructora Conconcreto andIndustrial Conconcreto, both of which hold 25% shares. The consortium partners will have to meet the necessary due diligence requirements before the loan is finalised. The 145km route will be upgraded and the project also includes building additional lanes along a 65km section from Sibate to the Tunel Sumapaz tunnel.

Finance & Funding

Related Content

  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More
  • Delays for key Brazilian road projects
    March 3, 2016
    A series of major road projects in Brazil now look set to be delayed. Key road widening projects works awarded between 2012 and 2013 may now take longer than the original five year deadline to complete. Six road concession projects were awarded in the period, totalling over 3,000km of roads to be extended or upgraded. The contracts require that at least 10% of the planned work must be complete before any tolls can be charged. This initial phase has been carried out, but later stages to expand the roads have
    Read More
  • Bogota transport infrastructure boost
    April 26, 2016
    The Colombian Government is investing in road infrastructure development, with a large portion of the budget being directed to Bogota. The road infrastructure programme includes 22 projects that will help cut chronic congestion in Colombian capital Bogota. Construction works for Avenida Longitudinal de Occidente (ALO) road expansion are expected to start in the first half of 2016. These will run from the Mondonedo intersection to Boyaca Avenue, in the southern part of the city. The budget for this project i
    Read More
  • Colombia’s popular highway tenders
    April 7, 2014
    International interest is strong in tenders opening in Colombia for the construction and management of 1,146km worth of highways. These form part of a package for 10 projects known as Autopistas para la Prosperidad, worth some US$4.75 billion in all. OHL has expressed an interest in the Autopista al Mar 2 and Autopista al Rio Magdalena 1 highway projects, which have been valued at around $1.9 billion.
    Read More

Highlighted Content