New highway for Colombia with financing secured

A finance package has been secured for Colombia’s Pasto-Rumichaca fourth generation (4G) road project. A loan package worth US$$593.6 million from a series of backers will underscore the project. These are; the Overseas Private Investment Corporation (OPIC), Spain's credit institute Instituto de Credito Oficial (ICO), JP Morgan, MetLife, Banco Santander, Sumitomo Mitsui Banking, Mitsubishi UFJ Financial Group, Credit Agricole, and Bank of China. The project is for work to an 83km section of the route, incl
July 22, 2019 Read time: 1 min

A finance package has been secured for Colombia’s Pasto-Rumichaca fourth generation (4G) road project. A loan package worth US$$593.6 million from a series of backers will underscore the project. These are; the Overseas Private Investment Corporation (OPIC), Spain's credit institute Instituto de Credito Oficial (ICO), JP Morgan, MetLife, Banco Santander, Sumitomo Mitsui Banking, Mitsubishi UFJ Financial Group, Credit Agricole, and Bank of China.

The project is for work to an 83km section of the route, including building 78km of dual carriageway between Rumichaca and Catambuco. It also includes improving the 5km section from Catambuco to Pasto. The whole project is being handled by the concessionaire Union del Sur.

Once the work is complete, journey times between the south of Colombia and Ecuador are expected to be halved.

Finance & Funding

Related Content

  • Colombia tunnel construction contract commencing
    February 5, 2018
    Driving work has commenced for Colombia’s Toro Tunnel project. The tunnel will measure 9.8km long and is located in Colombia’s Antioquia Department, with the completion expected in 2022. The project is costing US$650.5 million and the link is intended to provide a link between the Autopista al Mar 1 and Autopista al Mar 2 highways. When complete the tunnel will also cut the travel time between Medellin and Uraba to four hours.
    Read More
  • Colombia’s key 4G road projects underway
    January 5, 2018
    Colombia is moving ahead with its 4G programme, as nine of the 30 key projects in the road development scheme now financially secured. The remaining 21 projects are now being built, while 25 of the projects from the 1G, 2G and 3G schemes are already in use, having expanded Colombia’s network by a total of 3,743km. Colombia's National Infrastructure Agency (ANI) says that 10 projects are being carried out entirely with private funding. In addition, over the last seven years, 48km of tunnels and 430 bridges
    Read More
  • Consortium Via al Puerto to finish Colombia’s Buga-Buevantura road
    May 24, 2016
    Colombia’s National Infrastructure Agency (ANI) has approved Consorcio Estructura Plural Via al Puerto to build the remaining 26.5km of the Buga-Buenaventura dual carriageway. Construction costs will be just under US$358 million with another $645 million likely needed to maintain and operate the public-private partnership road for 30 years. Works include construction of two tunnels, 12 bridges, 7.5km of cycle lanes, as well as maintenance of 111km of the main road, according to a report by El Pais new
    Read More
  • Uzbekistan road improvement programme
    September 11, 2020
    Uzbekistan’s road improvement programme is securing financing.
    Read More

Highlighted Content