Rumichaca-Pasto 4G Toll Road

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The project involves design, construction and operation of Rumichaca-Pasto 4G Toll Road - an 84-km corridor of a dual-carriage highway in southwestern Colombia from the city of Pasto to Ipiales in western Colombia on the border of Ecuador. The project includes expansion of an existing single-carriage corridor to a dual-carriage highway, and construction of 27km of new highway, pursuant to a 29-year concession agreement with the Republic of Colombia. The SPV Concesionaria Vial Union del Sur SAS is owned by Sacyr Concesiones Colombia SAS (60%) and Herdoiza Crespo Construcciones Colombia SAS (40%). The project cost is approximately $ 773 million. Debt financing in the amount of COP 1.8 trillion ($575 million) has been secured from Overseas Private Investment Corporation ($200 million), JP Morgan, Metlife USA, Santander, Spanish Instituto de Crédito Oficial (ICO), SMBC, MUFG, Crédit Agricole and Bank of China. Financial close was reached on 17 July 2019. http://www.sacyr.com/es_en/Channel/News-Channel/news/featuresnews/2019/Proyectos/20190718_Financiacion_Rumichaca_Pasto.aspx https://ijglobal.com/data/transaction/27871/rumichaca-pasto-4g-toll-road-83km-ppp https://ijglobal.com/articles/141387/colombian-4g-road-reaches-fc https://www.dfc.gov/sites/default/files/2019-08/9000032398.pdf