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

  • Colombia highway concession package awarded
    November 8, 2019
    A major highway concession package has been awarded to a consortium in Colombia. Concesionaria Vial Andina (Coviandina) has won the tender to manage the 85.6km road connecting capital Bogota with Villavicencio. The package was awarded by the national infrastructure agency (ANI). Under the terms of the deal, the firm will maintain two sections of the existing road and build a new dual carriageway stretch with two lanes in either direction for the third section. The third stretch poses particular challenges t
    Read More
  • Chinese firm wins highways expansion project to decongest Nairobi
    January 5, 2017
    A Chinese contractor is carrying out a major road project intended to cut congestion in Kenyan capital Nairobi – Shem Oirere writes Chinese contractor China Wu Yi has won a US$163 million contract for the reconstruction and expansion of a 25km highway leading out of Kenya’s capital Nairobi with financing from the World Bank. The contract was awarded by the country’s National Highways Authority (KeNHA), a state-owned road agency responsible for the management, development, rehabilitation and maintenance of i
    Read More
  • Colombian road works planned
    October 10, 2022
    Colombian road works are being planned.
    Read More
  • Colombian highway connections under construction
    April 9, 2014
    In Colombia work on the dual carriageway connecting Bogota and Buenaventura is now 40% complete. The link should be complete by the end of 2016. The Bogota-Girardot road is now opening, with excavation work still underway on the La Linea tunnel. The tunnel section of the project has been subject to delays arising from geological issues but when it is open, the tunnel will cut travel times and also improve safety over the existing route. The driving of the tunnel should be complete by September 2014 with the
    Read More

Highlighted Content