Autopista Conexion Pacifico 1

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In June 2014, Estructura Plural Proyecto Conexion Pacífico 1, a partnership of Episol (subsidiary of Corficolombiana, Colombia, 60%) and Iridium/ACS Group (Spain, 40%), won in a competitive bidding the right to expand, rehabilitate and operate the 46 km of the Autopista Conexion Pacifico 1 highway connecting the cities of Ancon Sur-Camilo Ce and Camilo Ce-Bolombolo. The bidding criteria was the lowest funding to be provided by the government. Two groups of companies presented offers: Estructura Plural Proyecto Conexion Pacifico 1; and Infraestructura Vial para Colombia. Estructura Plural Proyecto Conexion Pacifico 1's request was 13% below the ceiling established by the government, a value of US$ 515.5 million, or 57.5% of the project costs. The investment was estimated at US$ 895.8 million. The 25-year concession contract was signed in September 2014. The sponsors created the company Concesionaria Vial del Pacífico S.A.S. to lead the project. In May 2016, the sponsors closed a project finance deal worth US$ 855 million. The deal involves a US$ 150 million loan from Mizuho, Credit Agricole, SMBC, CaixaBank in equal tickets of $37.5 million; and US$ 705 million loan provided by Davivienda (20%) and four other local lenders owned by Grupo Aval (80%) – Banco de Occidente, Banco Popular, Banco AV Villas, led by Banco de Bogota. In June 2021 the project received additional financing to the amount of 540 billion pesos (USD 146 million) provided equally by SMBC and Santander SA. https://lexlatin.com/noticias/Prodepac%C3%ADfico-concesionaria-vial-pacifico-recibe-150-millones-dolares