Colombian electric transport stakeholders seek IDB financing
Ashmore Andean Fund II, Fondo Ashmore Andino II and Somos Provisión look to secure IDB Invest funds to help finance the purchase of electric buses for concessions in Colombia.
The stakeholders established special purpose companies Electribús Bogotá Usme I and Electribús Bogotá Fontibón II, which hold 15-year concessions to operate in capital Bogotá’s integrated public transport system (SITP).
Usme I and Fontibón II will deploy 133 and 126 buses, respectively, for a total project cost of 290bn (US$78mn), according to information from IDB’s private sector lending arm, which would provide up to 196bn pesos.
The concessionaires have signed bus purchase contracts with China's BYD.
At the end of the concessions, the buses will be transferred to the city’s public transport administrator Empresa de Transporte del Tercer Milenio.
Other financing participants include the UK Sustainable Infrastructure Program, Colombia’s Financiera de Desarrollo Nacional and Proparco from France, highlights IDB Invest, whose board is projected to review the financing request in September.
Also read Electromobility poised to play greater role in mass transit after COVID-19 and Bogotá steps up electric vehicle revolution
Photo credit: SITP
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Electric Power (Colombia)
With the participation of citizens and businesses, social dialogue for the Just Energy Transition in Colombia advances
In the first half of 2023, the entity has among its goals to carry out around 20 dialogues, both regional and national.
Guiding investors, authorities along Latin America’s green hydrogen highway
BNamericas talks to Nuria Hartmann, regional business development and strategy consulting manager at international strategy consulting firm HINICIO...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power (Colombia)
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Termosolo 1
- Current stage:
- Updated:
2 months ago
- Project: Ligustro 2 photovoltaic park
- Current stage:
- Updated:
2 months ago
- Project: Ligustro 1 photovoltaic park
- Current stage:
- Updated:
2 months ago
- Project: Perales Photovoltaic Solar Park
- Current stage:
- Updated:
2 months ago
- Project: Portón del Sol solar park
- Current stage:
- Updated:
2 months ago
- Project: El Campano solar park
- Current stage:
- Updated:
2 months ago
- Project: Alejandria photovoltaic plant
- Current stage:
- Updated:
2 months ago
- Project: Barzalosa solar photovoltaic plant
- Current stage:
- Updated:
2 months ago
- Project: La Unión solar photovoltaic park
- Current stage:
- Updated:
2 months ago
- Project: La Mata photovoltaic plant and its transmission line to Ayacucho substation (La Gloria-Cesar)
- Current stage:
- Updated:
2 months ago
Other companies in: Electric Power (Colombia)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Sigme S.A.S.
- Company: Atlantica Sustainable Infrastructure Colombia
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Consorcio CCC Ituango
-
Consorcio CCC is a consortium led by Brazilian infrastructure firm Construções e Comércio Camargo Corrêa, which holds a 55% stake of the company, along with the Colombian Constr...
- Company: MS Enertech Colombia SAS
- Company: Proeléctrica S.A.S E.S.P. (Proeléctrica)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Grupo Energía Bogotá S.A. E.S.P (GEB) (Grupo Energía Bogotá)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Comisión de Regulación de Energía y Gas (CREG)
-
Established in 1994, CREG is a Colombian government agency entrusted with regulating the sectors of electric power, natural gas, LPG and liquid fuels. Some of its functions incl...
- Company: Bancolombia S.A. (Bancolombia)
-
Bancolombia, Colombia's largest bank by assets and shareholders' equity, is a full service financial institution offering a broad range of banking products and services – includ...
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
