Sacyr has announced the signing of loan agreements for a total amount of US$60 million for the Rumichaca-Pasto highway project in Colombia, which is part of the Fourth Generation (4G) Toll Road Concessions Programme. The project involves the construction and operation of a 78km dual carriageway in the southwest of the country.
Backed by financial commitments from Banco Santander and JP Morgan, the loan guarantees the resources for the implementation of the works on the first section of the highway between Pedregal and Catambuco in the next few months.
Sacyr has stated that full financial close is not yet possible, as it is still working on guaranteeing the feasibility of the project and gaining a consensus among all the players in the community of Nariño.
In addition to the new road, the project will involve the construction of six viaducts and rehabilitation of 5km of existing road.
Country updates
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August 16, 2018
Sacyr secures US$50 million bridge loan for road project in Colombia
Vial Montes de María SAS, concessionaire of the Puerta de Hierro-Palmar de Varela and Carreto-Cruz del Viso road project, has secured a short-term bridge loan for an amount of US...
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August 07, 2018
Tender opens for US$4.4 billion Bogotá metro PPP
As promised by the Mayor of Bogotá less than two weeks ago, the Bogotá Metro Company (EMB) has announced the opening of the tender to design, partially finance, construct, oper...
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August 02, 2018
IDB approves US$600 million credit line for Bogotá Metro
The Inter-American Development Bank (IDB) has approved a US$600 million conditional credit line for the Bogotá Metro. The first loan of the credit line, amounting to US$70 millio...
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July 30, 2018
US$900 million road project in Colombia reaches financial close
The Autopista al Mar 2 (Autopistas de Urabá) project, which involves a 254km highway that will connect Cañasgordas to Necoclí, in Antioquía, a department in north-west...
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July 25, 2018
The Mayor of Bogotá has announced that the tender for the project will open on 6 August
