FDN has confirmed its participation in the "Cartagena-Barranquilla and Circunvalar de la Prosperidad" road project, with an investment of US$71 million, which means 15% of the total debt.

FDN involvement in the project will help to mobilize other financing sources. The concessionaire for the project, a team composed of Colombia's Mario Alberto Huertas Cotes and Costa Rica's Constructora Meco, is expected to launch project bonds to finance the project.

We reported in August 2015 that Goldman Sachs is also financing the project as part of a package to finance the Girardot-Puerto Salgar, Cartagena - Barranquilla and Pacific Connection highway concessions.

Cartagena-Barranquilla corridor project involves the design, construction, financing, operation and improvement the new road. The term of the concession contract will be 26 years.

The project is divided in two sections. The first section is located in the route 90 A (Cartagena - Barranquilla). Between the departments of Bolívar and Atlántico, the highway will have a length of around 110 km. While the second section includes the construction of a dual carriageway with a length of about 37 km, between the municipalities of Malambo and Puerto Colombia.

The total project investment is estimated at US$844 million.