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The Ministry of Finance of the Government of Colombia has approved the new public-private partnership contract for the Magdalena River project, which was originally awarded in 2014 and cancelled last...Read more
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&n...Read more
Project company Navelena SAS has achieved financial close for the Magdalena River Waterway PPP project by means of a financing package provided by Japan-based Sumitomo Mitsui Banking Corp. (...Read more
IDEAL and FCC Americas, part of billionaire Carlos Slim's Carso Group, have declared their interest in taking over a majority stake in a project to improve transport on the Magdalena River in Colombia...Read more
With Goldman Sachs' support, Navalena consortium finally expects to reach the financial close for the project.Read more
The debt package include a 40 per cent financing in Colombian Pesos (COP) provided by Bancolombia, Davivienda and Financiera de Desarrollo Nacional (FDN) and a 60 per cent US$ de...Read more
This announcement comes after Marcelo Odebrecht resigned as President and Chief Executive Officer (CEO) of the company. After 6 months in detention and given the development...Read more
The Navelena consortium, which is formed by Odebrecht (87%) and Colombia's Valorcon (13%) recently submitted a financial plan for the project but the Government con...Read more
Project financing will be provided by the following banks: Sumitomo Mitsui Banking Corporation, Bancolombia, Davivienda and Financiera de Desarrollo Nacional (FDN).Read more
Grupo Aeroportuario del Caribe S.A.S has closed project financing for the Ernesto Cortissoz - Barranquilla International Airport concession in Colombia.Read more