Financing 5G Toll Road Buga-Buenaventura - Colombia

in implementation

TheBuga-Buenaventura Road Corridor(the “Project”) is a Fifth Generation Concession (“5G”) project led by the Government of Colombia, through the National Infrastructure Agency (“ANI”). This project was awarded to the company Unión Vial Camino del Pacífico, S.A.S (the “Concessionaire” or the “Client”), which is fully owned by the company Sacyr Concesiones.The Project involves financing, construction, rehabilitation, improvement, commissioning, operation, and maintenance of the Buga–Buenaventura Road corridor (the “Corridor”), which spans 128 kilometers (“km”) in the Department of Valle del Cauca, Colombia. The Project includes improving and maintaining 128km of existing toll roads, rehabilitating 24km, and extending 35 km of sections currently on single to dual carriageways.The Preconstruction Phase of the Project began in early 2023. The Construction Phase of the Project, which started in August 2024, will last approximately 5 years, while the Operation and Maintenance Phase will extend for up to 29 years from the start date of the concession.IDB Invest will participate in the project’s financing up to the specified amount, with resources to be used to cover the project's costs until it becomes operational.