The past october non-recourse funding of Ruta del Cacao Highway was arranged, in the amount of €465M,
of an investment of 580 million euro.
It was a syndicate loan from six institutions: BBVA Colombia, S.A., Bancolombia, S.A., Financiera de Desarrollo Nacional (FDN), the Inter-American Development Bank (IDB Invest), Fondo de Deuda BlackRock and Fondo de Deuda Unión para la Infraestructura (UPLI). The syndicate relied on the services of BBVA Colombia and Bancolombia as advisers and structurers for the deal.
Upon completion of construction, scheduled for late 2021, the highway will enhance mobility between Los Santanderes and Magdalena Medio regions, connecting also with Ruta del Sol Highway. Another aim of the project is to access to the municipality of Barrancabermeja and its hinterland.
Cintra and its partners, RM Holdings S.A.S. (owned by Fondo de Infraestructura Colombia Ashmore I) and MC Victorias Tempranas S.A.S. (owned by Grupo Mercantil Colpatria), are responsible for developing and operating the project. Ferrovial Agroman and construction company Colpatria will take charge of design and construction.
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