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Bogota-Villavicencio Highway

Sector: Government • Location: Colombia

Source: World Bank Group

Project
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The project involves the operation and maintenance of the existing 85.6 km road linking Bogotá, the capital city of Colombia, to Villavicencio, to the south-east, in the department of Meta, and the construction of a 22.6 km dual carriageway. Project was awarded to Coviandina, an special purpose company created by Episol and Concecol, in June 2015.

The national development bank Financiera de Desa

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The project “Bogota-Villavicencio Highway” is an infrastructure initiative in the Government sector, located in Colombia. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project involves the operation and maintenance of the existing 85.6 km road linking Bogotá, the capital city of Colombia, to Villavicencio, to the south-east, in the department of Meta, and the construction of a 22.6 km dual carriageway. Project was awarded to Coviandina, an special purpose company created by Episol and Concecol, in June 2015. The national development bank Financiera de Desarrollo Nacional (FDN) is providing a COP400 billion (US$140.9 million) loan with a term of 10 years. AGrupo Aval is providing an COP800 billion (US$281.9 million) loan also with a term of 10 years. The project will also receive a COP400 billion (US$140.9 million) 20-year loan from Compartimento Deuda Privada Infraestructura I, a fund managed by Credicorp Capital and Sura Asset Management. The project is part of the Colombian government's national infrastructure development programme: the 4G (fourth generation) Toll Road Concession Programme (Cuarta Generación de Concesiones). Project reached financial close on the Bogotá-Villavicencio highway in Feb 7, 2018. https://ijglobal.com/data/transaction/40653/bogota-villavicencio-highway-226km-ppp http://www.infrapppworld.com/news/megaproject-1098-us-560-million-financial-close-for-colombian-road-ppp

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