FDN approves financing for road P3

Colombian financial development institution FDN has approved financing for the unsolicited proposal road Bogotá- Girardot.

The FDN approved $165m (COP 500bn) of senior debt for the Bogotá- Girardot road, awarded to concessionaire Concesión Vía 40 Express, comprising the firms Vinci and Conconcreto.

Awarded in August 2016, this financing will be part of the financial close of the project. Once the project has defined the financial structure it will need the final approval of the FDN.

The project includes the rehabilitation of 145 km and the construction of 65 km of third carriageway.