$172.3 million loan for Colombian key construction contractStaff Writer | January 2, 2018
Financing has now been secured for a key highway project in Colombia.
Transportation Financiera de Desarrollo Nacional
The $172.3 million loan is being provided to the Concesion Via 40 Express consortium, which will handle the private initiative project.
The consortium comprises Vinci Highways, which holds a 50% share and Constructora Conconcreto andIndustrial Conconcreto, both of which hold 25% shares. The consortium partners will have to meet the necessary due diligence requirements before the loan is finalised.
The 145km route will be upgraded and the project also includes building additional lanes along a 65km section from Sibate to the Tunel Sumapaz tunnel. ■