InfraRed has signed a purchase and sale agreement to secure a 50% interest in the Ruta Al Mar concession, a 34-year concession for the design, construction, finance, operations and maintenance of a toll road project in Colombia.
Infrastructure/PPP news in Colombia
The Bogotá-Villavicencio road concession has reached financial close with a financing package of COP1.6 trillion (US$562.86 million). The project involves the operation and maintenance of the existing 85.6km road linking Bogotá, the capital city of Colombia, to Villavicencio, to the south-east, in the department of Meta, and the construction of a 22.6km dual carriageway.
ACS has closed the sale of their stakes in two motorways in Colombia to their partner in both projects, Colombia-based Corporación Financiera Colombiana (Corficolombiana), operating through its subsidiary Episol. The roads concerned are the Conexión Pacífico 1 (Pacific Connection 1), to the south-west of Medellín, and the Mulaló-Loboguerrero motorway.
Financiera de Desarrollo Nacional (Financier of National Development, FDN) has announced the financial close of the Antioquia-Bolívar road PPP, which is located in Colombia. The total project investment amounts to COP1.47 trillion (US$490 million).
The Inter-American Development Bank (IDB) and Financiera de Desarrollo Nacional (FDN) have signed an agreement equivalent to approximately US$200 million to promote infrastructure investments in Colombia.
The Inter-American Investment Corporation (IIC) a member of the IDB Group is negotiating with the SPV behind the Santander de Quilichao - Popayán highway PPP to join lenders on the US$513-million financing package for the project.
The government of La Guajira has issued a request of Expressions of Interest (EOI) to invite companies to participate in the tender process for another road PPP project.
Grupo Argos, a Colombian infrastructure, energy and cement investor, has signed a share purchase agreement with West Street Infrastructure Partners III, investment fund managed by Goldman Sachs, so that the latter acquires 50% of the ports operator Compañía de Puertos Asociados (Compas).
Colombia's national infrastructure agency ANI has canceled a contract to repair and operate a 498-kilometer railway.
WSP Global Inc. has announced that it is pursuing its expansion in Latin America through the acquisition of Poch, a 730-employee professional services firm based in Chile. The firm has additional offices in Peru, Colombia and Mexico.
Colombia's National Infrastructure Agency (ANI), in presence of Juan Manuel Santos, President of Colombia, has signed the concession contract for the Cúcuta – Pamplona highway.
The government of Antioquia, Colombia's second major competitive region after Bogotá, has announced plans to revitalize its railway system with a public-private partnership (PPP) initiative.
The Colombian National Infrastructure Agency (ANI) has announced it has canceled the concession contract for the Puerta de Hierro - Carreto - Palmar de Varela & Carreto - Cruz del Viso Highway PPP project.
US-based asset management firm BlackRock has launched a US$280 million infrastructure debt fund that will invest in highways and other infrastructure projects in Colombia.
Colombia's National Infrastructure Agency (ANI) presented the progressin the process of structuring of the Gerardo Tobar López de Buenaventura airport project under PPP. The project is located Valle del Cauca Department of Colombia.
Colombia's National Infrastructure Agency (ANI) has announced the plans for the modernization and expansion of the Rafael Nuñez Internation Airport (Cartagena Airport) under PPP scheme.
Colombia's National Infrastructure Agency (ANI) has awarded the Cúcuta – Pamplona highway to Spanish developer Sacyr.
Colombia's National Infrastructure Agency (ANI) has announced that it has received three bids for the highway Cúcuta – Pamplona.
Estructura Plural Vías del Nus SAS has achieved the financial closure for the Vías del Nus private initiative 4G highway project for a total amount of COP680 billion (US$226 million).
This decision comes after Odebrecht failed providing financing for the project. As we reported in late December, Japan-based Sumitomo Mitsui Banking Corp. (SMBC) intended to provide funding commitments totalling US$250 million for the project, but in January the company cancelled its finance agreement with Odebrecht, so the project hasn't achieved financial closure.