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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).
The funding commitments have been provided by Financiera de Desarrollo Nacional (FDN) and Bancolombia with COP300 billion (US$100 million) and COP380 billion (US$126 million) respectively. With this amount, Vinus will be able to comply with the contractual minimum of COP546,9 billion (US$182.3 million) fixed with the Colombia's public infrastructure authority ANI.
The project, also called "Magdalena River highway 1", aims to establish a direct connection between Medellin and Cartegena Port and to link the regions of Antioquia and the Caribbean.
This concession, which belongs to Autopistas para la Prosperidad highway 4G package, includes 159 Km, 6 tunnels and 126 bridges. Specifically, the project includes the following:
The total project investment is estimated at US$961.8 million.
As we informed, the project is part of the second wave of 4G highway projects, including a total of 9 concessions. This second wave includes a total investment of about P11,800 billion (US$4.64 billion). 4G involves the construction of about 8,000km of roads, including 1,200km of four-lane highways, with the majority of projects to be carried out as PPPs.