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

  • Possible PPP for Mulalo-Loboguerrero
    September 9, 2024
    The current contract is a design-build-finance-operate-maintain for upgrades and new lanes for the 32km-long project in the Valley of the Cauca, Colombia.
    Read More
  • New Paraguay-Brazil bridge being built
    July 1, 2020
    Construction work is now underway on a new Paraguay-Brazil bridge.
    Read More
  • A6 project between Weinsberg and Wiesloch/Rauenberg set to start
    January 26, 2017
    Work will soon start on the €1.3 billion project to widen a stretch of the A6 motorway, one of Germany’s most congested highways. Both sides of the motorway between the Weinsberg and Wiesloch/Rauenberg junctions will be expanded. On 25 km of the section being expanded under the project – altogether 47.1 km – the number of lanes will be increased from four to six. The project also encompasses the construction of the 1.3km-long Neckartal Bridge. Preparatory work for the public-private partnership has
    Read More
  • Colombia road project - completion date announced
    July 4, 2019
    The completion date for Colombia’s massive Cambao-Manizales 4G road project has now been announced. The improved road link should now be read for traffic in mid-2022, according to Colombia's national infrastructure agency (ANI). The financing package for the Cambao-Manizales road project should be secured in the second half of 2019 and the construction work should commence in 2020. The project is expected to cost an initial US$363 million and the work is being carried out by Alternativas Viales, which won
    Read More

Highlighted Content