Colombia secures US$7bn financing for 4G highway projects
Colombia's national infrastructure agency, ANI, informed that 19 4G highway projects have secured financing for a total of 20.6tn pesos (US$7bn).
"We're doing very well. It's good to announce that all of the projects have secured financing within the scheduled dates and it shows they have been successful at attracting funding from both national and foreign banks," local news outlet El Tiempo reported ANI president Luis Fernando Andrade as saying.
A total of 29 4G projects have been awarded.
Of the 19 that have secured financing, 10 are first wave projects, six are second wave, and three are private initiatives.
ANI has given the green light for the financing of 17 highway projects, the last three being Mulaló-Loboguerrero, Santa Ana-Mocoa-Neiva, and Neiva-Girardot. The financing for the Bucaramanaga-Barrancabermeja-Yondó and autopista al Mar 1 projects are still being evaluated by the agency.
The list of banks that have been approved by ANI to provide 4G financing is headed by US investment bank Goldman Sachs with 3.2tn pesos, followed by local bank Davivienda with 2.38tn pesos, Bancolombia with 2.36tn pesos, Japanese Sumitomo Mitsui with 2.34tn pesos, and local lender Banco de Bogotá with 2.25tn pesos.
4G is an ambitious plan to build a network of toll roads with the help of up to 40 PPPs. The plan will take up to a decade to fully execute and it is expected to significantly reduce transportation costs, as well as boost economic activity, job creation and trade.
First wave of 4G highways (the 10 projects awarded with start dates):
Río de Oro-Aguaclara-Gamarra
Second wave (the 9 projects awarded with start dates):
Puerta de Hierro-Palmar de Varela y Carreto-Cruz del Vizo
Bucaramanaga-Barrancabermeja-Yondó
Santander de Quilichao-Popayán
Third wave (total of 9 projects, 1 awarded, 1 under approval, 7 at design stage):
Barbosa-Bucaramanga
Ocaña-Cúcuta
Duitama-Pamplona
Sogamoso-Aguazul-Maní
Chinchina-Mariquita
Mojarras-Popayán
Pasto-Mojarras
Another 11 PPP projects:
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News in: Infrastructure (Colombia)
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