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

  • Speed and precision make for perfect tunnelling combination
    May 21, 2014
    Speed and precision have been the hallmarks of a number of major road tunnelling projects across the globe over the last 12 months, as the latest sector equipment from leading manufacturers has found itself in high demand. Guy Woodford reports Herrenknecht tunnel boring machines (TBM) have been busy tunnelling under major Chinese rivers, demonstrating phenomenal speed, top safety levels and extreme precision while playing a key role in the construction of road tunnels in the Yangtze River Delta. The Yang
    Read More
  • Indonesia road funding found for two highways
    June 27, 2016
    Financing looks to have been secured for major tolled highway projects in Indonesia. These highways are the 129km Pekan Baru-Dumai route, which forms part of the Trans-Sumatra highway, the 60.5km Cileunyi-Sumedang-Dawuan (Cisumwadu) road and the 39km Manado-Bitung route. A loan from the Asian Infrastructure Investment Bank (AIIB) worth some US$370.2 million is expected to provide around half of the financing required for the Pekan Baru-Dumai route. Meanwhile loans worth a total of $300.2 million from the Ex
    Read More
  • Malaysia’s West Coast Expressway gets project finances in order
    July 2, 2015
    Malaysia’s West Coast Expressway company has reported that it will inject nearly US$425 million into its West Coast Expressway project. Total cost of the West Coast Expressway, which will stretch 233km between Banting in Selangor state and Taiping in Perak state on the Malaysian peninsula, is expected to be around $1.56 billion. The highway will be built over five years as a build-operate-transfer project with a concession of 50 years, The Star newspaper reported in February 2014.
    Read More
  • Paraguay highway project – financing package being secured
    June 28, 2019
    A finance package is being secured for the project to widen Route 2 and Route 7 in Paraguay. The package is worth US$500 million in all. The work for the project is being handled by the Rutas del Este consortium. Sacyr holds 60% of the consortium, with Ocho A holding the remaining 40%. The Rutas del Este consortium holds a 30-year concession for the two routes.
    Read More

Highlighted Content