Vias del Nus 4G motorway

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In December 2015, Consorcio Estructura Plural Vias del Nus (Vinus) S.A.S, a partnership of the Colombian companies Mincivil S.A. (51.85%), SP Ingenieros (22.22%), Construcciones El Cóndor (21.11%), EDL (3.72%) and Latinco (1.11%), was awarded the contract to design, financing, build, operate and rehabilitate the 157.4-km Vias del Nus (Magdalena 1) highway between Bello, San Jose del Nus and Don Matias. Following a competitive biding process, ANI awarded the 30-year concession to the consortium. The 4G private initiatives do not receive government payments, known as vigencias futuras, and typically benefit from slightly longer concession maturities, 30 years rather than 25 years. The sponsors will recoup their investments by collecting toll fees over the life span of the contract. Total investment is estimated at COP 1.1 trillion ($368.46 million) and is being funded by 62:38 debt to equity. Total debt was reported at COP 680 billion with Colombia's national development bank Financiera de Desarrollo Nacional (FDN) allocating up to COP 300 billion ($100.5 million), and BanColombia the remaining COP 380 billion ($127.3 million). The consortium will provide around $140.7 million in equity contribution towards the project. Financial closure was achieved on March 6, 2017. This projects was initially recorded under #8773 (Autopista Magdalena 1) with FC in March 2016. However, article "Definida firma que hará la ampliación a seis carriles de vía Bogotá – Girardot" states that FC is scheduled for Feb 2017. Then articles from 2017 announced FC in March 2017, and thus the latter was taken for definitive FC date. The 4G private initiatives do not receive government payments, known as vigencias futuras, and typically benefit from slightly longer concession maturities, 30 years rather than 25 years.