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 targets journey time reduction and safety
    February 28, 2012
    Key links in Colombia will benefit from upgrades and improvements with US$156 million being invested in the Cuestaboba-Bucaramanga road project.
    Read More
  • Consortium for Italy's key highway project
    May 9, 2012
    The contract for Italy’s new Pedemontana Lombarda highway is likely to be handled by a consortium headed by Austrian contractor Strabag. The agreement will be finalised in September 2011. The consortium has a provisional deal for design and construction of the €2.3 billion 75km highway, which will connect Bergamo to Milan Malpensa airport, bypassing Milan. The consortium also includes Adanti, Grandi Lavori and Impresa Costruzioni Giuseppe Maltauro. The Pedemontana Lombarda highway project features a 65km st
    Read More
  • Italy's new southern highway route
    May 13, 2021
    An important new highway route is currently under construction in South Italy
    Read More
  • Bolivia’s latest highway project is underway
    May 29, 2018
    Bolivia’s new highway project will improve connections with Brazil and Chile – Mauro Nogarin reports. Work is underway on Bolivia’s new Rurrenabaque – Riberalta highway project, which will boost connectivity for the country. The project is being coordinated by the Bolivian Highway Administration (ABC), with an Eximbank loan of US$579.4 million providing the financing for 85% of the work. The remaining 15% of the funding will come from the Beni Department’s budget, where the route is being built. Located in
    Read More

Highlighted Content