Puerta de Hierro Highway in Colombia

ongoing

Sacyr Concesiones has completed the financial closure of the concession of the Puerta de Hierro – Palmar de Varela and Carreto-Cruz del Viso motorway in Colombia for $185 million (€168 million) with the financial institutions Banco Santander and BTG Pactual. The closure guarantees the required investment of $250 million (€226 million) to carry out the 197 kilometre road project. Currently, the Puerta de Hierro project is in the construction phase, with progress of over 50%. Works are being carried out on approximately 95 fronts that generate 2,563 jobs, direct and indirect. The concessionaire has also carried out nearly 500 socio-environmental activities with the community, which has benefited more than 6,000 people, including socializations, trainings, workshops, productive projects and conferences.