The Fund has acquired a 50% stake in the Perimetral de Oriente de Cundinamarca road from Shikun & Binui and will also manage the remaining 50% share.
Shikun & Binui is expected to receive a payment of approximately $60m and to record in its financial statements a profit of approximately $35 to $40m.
Under a 22-year concession, the team will design, build, finance and maintain the $610m project which involves upgrade 148km of existing road plus the construction 5km of new greenfield bypass.
The firms also have a 50/50 joint venture in two other projects.